cash loans bad credit nz

Your credit score is important for a lot or reasons. If yours in not in the best shape right now, it isn’t exactly the end of the world, but its essential that you do what you can to restore it with any form of credit you receive in the future. In this post, we’re going to look at some of key factors you need to be aware of when applying for quick cash loans with bad credit. We’ll get going with:

Payday loans don’t require a credit score

At Pretty Penny Loans, we specialise in short-term payday loans. We know that anyone can fall into a tricky spot when an unforeseen emergency cost leaps out at you. If you have a bad credit score, you won’t be able access credit cards or even apply to extend your overdraft. The option of a long-term personal loan will also be off limits.      

The most important thing to us when you apply for a payday cash loan with no credit, is that you have a level of income that ensures repayment of the loan is affordable for you. All we need to see is your most recent bank statement. This will be enough for us to gauge your current disposable income and confirm you’re in a stable enough position to take the amount you need.

The last thing anyone wants is to see, is you add to a pool of growing debts, so when it comes to our solutions, your employment status and monthly costs are far more important than your previous credit history.

You should never take more than you need

You’re credit score is low because you’ve either never had a credit before, or you failed to make repayments on time in your previous loans, credit card or other credit arrangements. A payday loan could be one of your last chances to prove that you can be responsible with credit.

We understand how important our loans can be in helping customers with bad credit reports to gain access to funds. If you take more than you can afford to pay back, you’re putting yourself at major risk of building up increasing amounts of debt. For this reason we always advise that borrowers only ever take what they know they can pay back comfortably.  

Pay back on time and you’ll have easier access to future loans

Not only will it help your credit history if you successfully pay your payday loan back exactly as agreed in your arrangement, it will go a long way in ensuring we keep you logged as a good candidate for borrowing. If everything goes well with your first loan, you’ll be in a much better position should you apply for a second loan with us!

Saving as much money as you can each month remains one of the very best ways ensure you’re never caught out by unexpected costs, but we don’t all have a large disposable income and we always show as much understanding as we can for the needs of all applicants. If you ever run into trouble making repayments, it’s vital that you communicate with us as early as possible to avoid things getting worse.

The entire application process can be completed online   

You don’t need to call us or come in for a meeting like you would with any other bad credit cash loan application. You can apply for our loans online and at any time of the day or night. Our team will do all we can to process your application as quickly as possible and have the fund paid into your account the same day that your loan is approved.

Remember, you’ll need proof of your current income and you’ll also need a government issued ID. It’s best to have these documents to hand before you start the application process just to make sure it’s completed as smoothly and quickly as possible. If you’d prefer to speak to an advisor about your particular situation, we can process applications over the phone too.

The most important thing to remember is that it’s in our best interest that your loan and repayments are completed without issue. We’re on your side and ready to help anyway we can to ensure you receive an emergency cash loan that suits your needs perfectly.  

Still have questions? No worries. For more information, please get in contact with the Pretty Penny team.

You can also read more about bad credit loans in our previous blog post: 5 Tips When Applying For A Bad Credit Loan

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