Morgan Finance Australia


Bad Credit Loans

Bad Credit Loans

Credit history is a record of your past, it is a record to show financial sectors how trust worthy you are. Some people might be seeking for a loan with guaranteed approval. The credit history consists of your previous borrowing records, and that includes your credit card record, if you were able to repay the money on time etc. The reason for that is because the lenders do not know the borrower, and that would mean they do not know the financial situation of the borrower. And it is not reasonable for the lender to provide a loan to anyone that comes to them, that is why they need to check on something to make sure the borrower is trust worthy.

So if a person has bad credit history, it is going to be harder for them to borrow a loan, as most lenders would look at the credit record, and make a final decision of giving or not. But some lenders understand, bad credit might be inevitable, it might not reflect the person’s trust worthy level, but it might just be lack of luck that causes the bad credit record.

Some lenders would determine the ability to repay the loan based on the money they earn, and does not take credit record as a major part of not giving out loans. To see if you are eligible or how to be eligible for a loan, apply with us and find out.


This Loan...
Loan Amount $1,600 - $10,000
Pre-Approval Time 5 minutes
Loan Term 12 months

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All product features are subject to lender's approval. Morgan Finance will endeavour to keep product information up to date, however some information may be out dated.

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