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Short Term Loans Fast Loans

How Can I Get A Personal Loan Fast?

There are times when we need a loan straight away and don’t have time to wait. Whether you have found yourself in an accident and unable to afford the hospital bills, or trying to pay your child’s school fees which are overdue, you need cash in your hands as quickly as possible.

Yet taking out a loan is a time-consuming process and then you have to sit back and wait to see if you’re approved. This leaves you asking yourself, how can I get a personal loan fast?

How Can I Get A Personal Loan Fast?

Are you asking yourself, how can I get a personal loan fast? The good news is there’s an option for you. Cash advance loans have been designed for this exact reason, and are a type of quick loan that sees the money in your account as soon as possible.

A cash advance can be used for a number of different things:

  • Medical expenses: whether you find yourself in an accident or fall ill and accumulate medical bills, a quick loan can be just what you need to get yourself back on your feet.
  • Car repairs: accidents happen to the best of us, but paying for repairs can be a costly endeavour. Fast access to a loan can get your car back onto the road even faster.
  • Holidays: who doesn’t want to head off on a holiday? They can take a while to save up for and you can miss out on a great deal while waiting. Taking out a loan can get you on that plane even faster.
  • Home repairs: owning your own home is great, but it can be costly. Why is it that there’s always something that needs to be fixed? A quick cash loan can cover you just when you need it.
  • Unexpected bills: unexpected expenses crop up all the time. Let’s face it, life is unpredictable and we can’t plan for everything. Having access to cash when you need it can make all the difference.
fast loan

If you’re asking yourself, how can I get a personal loan fast? This is one of the best options out there. They give you the cash injection you need to cover your expenses, to get you back on your feet and keep you out of debt. Let’s take a look at exactly how they work.

How Can I Get A Personal Loan Fast With A Cash Advance?

Are you wondering, how can I get a personal loan fast? A cash advance is the best option for you, with none of the waiting around to get approved. Instead, you have access to the funds as quickly as possible.

Cash advance loans are also known as short-term loans – but even better, they come without all the paperwork, so you get approved fast. These types of loans are usually offered by your credit card provider, so you’re borrowing money against your line of credit. You can take one out in a few different ways:

  • ATM: take money out of the machine. As long as you have the PIN on your card, this is an easy process.
  • In-person: you can head to the bank and speak to a teller about taking out a cash advance.

It’s an easy way to get access to instant cash when you need it. If you need cash quickly, you don’t have the time to sit around and wait for approval. This short-term loan doesn’t require a credit check, making it quick and easy to process.

fast personal loan

Pros and Cons With A Cash Advance

Now you know, how can I get a personal loan fast? What are the pros and cons of taking out a cash advance?

Pros:

  • Fast access to cash
  • Little to no paperwork
  • No waiting times for approval

Cons:

  • Hefty fees
  • Limit on the amount of money you have access to

You want to weigh up both the pros and the cons before taking out a cash advance, to make sure it really is the best option for you. They can be an expensive way to borrow money, with their high interest rates, but they are also convenient and give you access to the cash you need when you need it. If you’re after a flexible loan option with fast access to cash, then this is your best option.

get a loan fast

Taking Out A Cash Advance

Are you in need of cash fast? Then get in contact with the Australian Lending Centre right away. We understand your needs and don’t care about your credit score – we look at other factors when evaluating your application. Don’t sit around and wait for long, drawn-out approval from the banks. With the Australian Lending Centre, you could borrow up to $500,000 and have the money with you within hours. Contact us here today.

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Short Term Loans

5 Advantages Of Short-Term Loans

Taking out a loan can help you out in all different areas of life. From funding a new car, to taking out a personal loan help with that next holiday. When you choose to take out a loan, considering the length of the loan is just as important as the amount of money you plan to take out and the interest rate.

Short-term loans can give you a quick cash injection when you need it, to tide you over if an expected payment comes up. But there are plenty of other reasons you might consider taking out a short-term loan. Here are some of the advantages of short-term loans.

What Is A Short-Term Loan?

A short-term loan usually refers to a loan that has been taken out and is repaid with interest within the year. Each loan will be different and have its own set repayment terms. There are many advantages of short-term loans, giving you access to the cash you need as fast as possible.

short term car loan

5 Advantages Of Short-Term Loans

Short-term loans are just that. They are designed to be paid back quickly, so it means you need the cash coming into to meet those repayments. They are often used when an emergency pops up that you hadn’t planned for. For example, if you find yourself in a car accident and needing to pay for repairs. Or perhaps if you fall ill and have a big hospital bill. Here are just a few advantages of short-term loans:

1. Fast approval:

Often when you are looking to take out a short-term loan it’s to cover an emergency. That means that you need the cash as fast as possible, without the long-drawn-out process that can come with the lengthier loans. Most short-term loans can be applied for online, and once approved, you can have the money in your account that very same day, or the next business day. The approval process is nice and short, with money deposited directly into your account.

2. Improve credit rating:

Taking out a short-term loan can actually help you improve your credit score. As long as you have the means to pay it back, it will reflect well on your credit score. It will show you have met the repayments and paid back the loan on time, noting you as a trustworthy borrower. It could be just the boost your credit score needs.

short term loan improve credit score

2. Less interest:

It stands to reason that the longer you borrow the money for, the more interest you pay. With a short-term loan, you are borrowing the money for a shorter space of time, which means the interest won’t be as much as longer loans. If the interest rate is higher, you will save money by paying back the loan faster.

3. No assets needed:

This is just one of the advantages of short-term loans. As the amount you are borrowing is less than longer loans, lenders often don’t require you to secure the loan with an asset. The smaller cash amount takes away the risk of the loan, which means there is no extra pressure on you when borrowing.

flexible short term loans

5. Flexibility:

There are a huge variety of different lenders who all offer short-term loans. Many of these are tailored to your specific needs, allowing you to choose a loan that suits your individual circumstances. You can choose from a bank or a non-bank lender and find the right lender for you. The short nature of the loan means you don’t have to make a huge commitment. It’s up to you to negotiate the length of the loan and what works for your.

What If I Have Bad Credit?

One of the best advantages of short-term loans is that they are often also available to those with bad credit. This means your credit history won’t hold you back if you need the funds. Most lenders will simply require proof of your income, along with your spending history, simply to determine whether or not you have the means to pay back the loan.

Many lenders don’t even check your credit file when offering you the loan. By choosing to go with a non-traditional lender such as the Australian Lending Centre, your individual circumstances will be taken into account when you apply for a short-term loan. This gives you the best opportunity to secure one.

A short-term loan can get you back on track financially, giving you the cash boost you need to get back in control of your finances.

Advantages Of Short-Term Loans

Now you understand the advantages of short-term loans, you may be looking at taking one out. The Australian Lending Centre is committed to finding the right loan for your situation. We can help you explore different types of short-term loans and use their expert knowledge to get you the best deal.

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Short Term Loans

How Do Cash Advance Loans Work?

When you are strapped for cash and need some extra dollars to tide you over until the next payday, cash advance loans are a great option. As well as being able to make purchases with your credit card, many also allow you to withdraw money. This is known as a cash advance.

It involves taking the cash from your credit account, at an ATM, or directly transferring it into your bank account with online banking. Cash advance loans can also come in the form of short-term loans. Here we take a look at how these cash advance loans work and whether they are the right option for you.

What Are Cash Advance Loans?

The general idea behind cash advance loans is gaining access to money quickly, in order to tide you over in the short term. These types of loans can come in a variety of different forms:

Short-term loans: some lenders will let you borrow up to $500,000 dollars in an instant cash loan.

Credit card loans: many credit cards will allow you to withdraw money as a cash advance to spend as you please. This is usually a much smaller amount than what you can take out with other types of cash advance loans. However, it does have the bonus of coming with a lower interest rate and lower transaction fees.

Payday loan: this is a small loan of around up to $2,000 that is then paid back with 16 weeks to a year. 

The one thing all these types of loans have in common is that they come with high fees and charges. As the borrower, you end up paying for the convenience of having access to the money you need, when you need it. In many situations, it is well worth it, as long as you are sure you are able to pay it back in the correct timeframe.

cash advance

Alternatives To Cash Advance Loans

If you are looking for an alternative to cash advance loans there are a couple of options you can entertain:

  1. Family or friends: if it is only a small amount of cash you need to tide you over, then consider asking family or friends. This will save you the fees and interest involved.
  2. Speak to creditors: if you are trying to pay off a bill and don’t have the funds available, then it may help to discuss your problem with your creditor. They may be able to stretch the terms of your agreement. This means you can wait until the money comes in before paying it off, saving you the hassle of a cash advance loan.
  3. Take out a personal loan: personal loans generally come with better terms than the cash advance. The downside is, you don’t receive the money nearly as quickly as a cash advance loan.

If you do find yourself in a position of needing a cash advance loan, then it is worth doing your research to work out exactly what you need. 

Getting A Cash Advance

There are many different reasons you might be in need of a cash advance loan. Some of these are:

  • Christmas spend: we all know the end of the year can be expensive. A cash advance can be just what you need to pay off everyone’s gifts in advance to prepare for the silly season.
  • Moving house: there are many costs that come with moving and they can dig into your budget and beyond. A cash advance can see you through this period.
  • Hospital bills: if you fall ill, you may find yourself with unexpected hospital bills. A cash advance can help you out in the short term.
cash advance loan

There are many benefits that come with taking out cash advance loans, as long as you have factored in the costs that come with them. 

The fees and charges that come with taking out a cash advance loan will vary between lenders, but there is a rough idea of what to expect.

  • A one-off establishment fee of 20% of the amount loaned.
  • A monthly maintenance fee of 4% of the amount loaned.

On top of this, there are more fees that can be charged if you don’t make the repayments or end up defaulting on your loan. It is a good idea to make sure you have the means to pay off the loan before going ahead.

Finding The Right Loan

If you are in need of cash fast, then speak to the experts at the Australian Lending Centre. We can find the right loan for your needs and help to get you back on track financially. Our short-term cash advance loans can allow you to borrow up to $500,000 depending on your circumstances, providing you with access to the cash you need. Simply pick up the phone and call today.

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Short Term Loans

What Is A Short Term Loan?

If you are in need of access to cash quickly, then a short-term loan could be the perfect solution for you. They can also be referred to as payday loans, with the intention that the extra cash you receive can be used to tide you over until your next payday. It’s no secret that unexpected expenses can crop up all the time.

Perhaps your car registration is due and you don’t have the funds. An unexpected medical bill might crop up. You could find yourself in an accident and unable to pay for repairs. They work as personal loans that need to be paid back relatively quickly. Short term loans can also be used for businesses that need access to capital. Once again, the idea of these loans is to provide a quick cash injection that can be paid back once cash flow improves. So what is a short term loan and how does it work?

short term loan credit card

What Is A Short Term Loan?

Are you wondering what is a short-term loan? These can also be referred to as payday loans, where you can borrow any amount of money, usually up to about $2,000. They are generally expected to be paid between 16 days and a year. The idea is simple, they offer you access to some extra money for a short period of time. As a result, these types of loans do work differently to regular loans.

What is a short term loan?

The fees and charges on short term loans are one of the main things that set them apart from other types of loans. These can vary from lender to lender, but can reach these amounts:

  • A one-off establishment fee of 20% of the amount loaned.
  • A monthly maintenance fee of 4% of the amount loaned.

On top of this, there are extra fees and charges that the lender can charge you if you fail to meet the repayments or payback the loan. Short term loans do end up being more expensive than other loans. You are essentially paying for the convenience of being able to access the money you need as fast as possible.

short term loan school fees

What Is A Short Term Loan Good For?

There are many different reasons you might look at taking out a short-term loan. Wondering what is a short-term loan good for? Here are just some that might crop up:

  • Moving expenses: hiring a moving truck, paying an end-of-lease cleaner and paying bonds can all add up.
  • Car repairs: whether you have been in an accident, or your car has simply broken down, repairs can be expensive.
  • Furniture: if you have just moved house, you may find yourself out of pocket paying for furniture to fill it up.
  • School fees: these usually come out in blocks, which can push you into debt if you don’t have the cash on hand.

When it comes to businesses taking out short-term loans, they usually apply to small businesses in need of a quick cash injection:

  • Buy stock: if you have a busy period coming up and want extra stock, a short-term loan can tide you over.
  • New clients: bringing new clients on board can be expensive, and usually, the cash comes at the end. A short-term loan can give you the money you need.
  • Growing your business: if you are looking to grow, then a short-term loan can give you access to the funds to make it happen.
short term loan holiday

Types of Short Term Loans

When it comes to exploring what is a short term loan, it is worth noting there are a number of different options available to you.

  • Credit card: if you only need a small amount of money, this can be a great option. It is flexible and has lower interest rates than a payday loan.
  • Personal loan: personal loans give you more time to pay back the money, and you have access to more money than payday loans. They can take longer to apply for and to get access to the cash.
  • Payday loan: this is a fast way to get cash and doesn’t require much paperwork. It does come with the large fees discussed above, so it pays to shop around.

Applying for a short-term payday loan is very simple and can often be done online. You will need to provide proof of identity, recent payslips, bank account statements and a utility bill confirming your address. Your application is usually approved very quickly, so you have cash in hand within 24 hours.

Taking Out A Short Term Loan

Are you looking at taking out a short-term loan, either for you personally or for your business? Australian Lending Centre can help you out. We will find the right loan for your specific needs to help you get access to the cash injection you need as quickly as possible.

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Short Term Loans Personal Loans

Can You Get A Loan For Dental Work?

Is there honestly anything worse than dental pain? That sudden nerve pain that catches you off guard and won’t subside no matter what medication you take. Worse still, you realise that you didn’t take out that extra cover on your health insurance, which means a trip to the dentist is now going to cost you big time. Let’s face it, even if you did up your health insurance, the dentist is an expensive trip. It always seems just the bare minimum is covered! What if you don’t have the money saved up? Can you get a loan for dental work?

Can You Get A Loan For Dental Work?

If you find yourself in the position of needing dental work but being unable to pay for it, don’t stress. Although, this is easier said than done. Unlike other things around the home, like that leaky tap you have been meaning to get fixed for weeks, dental work doesn’t just sort itself out with time. In fact, leaving it will most likely make things worse. So what can you do? Can you get a loan for dental work? The short answer: yes!

dental loan

Dental procedures can be expensive and untimely, and the worst part about it, they are unpredictable. Finding yourself in pain is bad enough, but this is made worse when you realise you don’t have the money to cover the cost of the treatment. So you ask yourself, can you get a loan for dental work?

There are actually a number of options available to you.

How Can You Get A Loan For Dental Work?

Now onto the big question, how can you get a loan for dental work? It comes down to doing your research and finding the right creditor to suit your needs. Generally, a dental loan comes in the form of a personal loan that is used to pay for dental work. You have the option of choosing between an unsecured or secured loan.

  • Secured dental loan: this is when you offer up an asset to cover the cost of the loan. In the case that you are unable to pay back the loan, your asset is seized with payment. This takes all the risk away from the lender.
  • Unsecured dental loan: in this situation, nothing is offered up as collateral against this loan. While this takes away any risk involved from you, it adds it all onto the lender. This means this type of loan often comes with a higher interest rate.
dental work

How Do Dental Loans Work?

These loans work in the same way as other personal loans. They are repaid with interest over time, and can also come with the typical establishment and monthly service fees. Of course, before taking out the loan, you need to be sure you will be able to pay it back.

There is also the option of setting up a dental payment plan. It lets you pay off your dental work in instalments. These types of plans are usually set up through third-party providers, including the dental practice themselves. These can come with an interest-free period, which is a huge bonus when you are struggling for cash. However, it is always important to look at the fine print. Often there are fees involved that need to be accounted for. They also generally require you to pay a deposit when you take out the loan.

In some cases, you can also use your credit card to pay for dental work. You need to first check you have a limit high enough to cover the extra expense, and that you are able to make the repayments. Credit cards can come with higher interest rates, which makes things harder if you fall behind.

loan for dental work

What Can The Loan Be Used For?

Now that we know the answer to: can you get a loan for dental work? It’s important to look at what dental work is covered in a loan. It can be typically used to finance a range of different dental procedures. This can be general dental work, cosmetic work, and orthodontic treatments. From getting a filling to a full root canal, your money can be put towards paying off these procedures. You can even get something simple done like teeth whitening and cover the costs with a loan.

Getting Help For Your Dental Treatment

There are many options available to you when it comes to taking out a loan for dental treatment. If you are wondering where to start, speak to the experienced team at Australian Lending Centre to discuss your options. We can help you get the loan you need to cover the dental work, so your pain doesn’t turn into a much bigger one over time.

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Debt Consolidation Business Consolidation Loans Debt Management Financial Planning Short Term Loans

Coronavirus: Financial Security in a Pandemic

Financial security and pandemic. The two don’t really go hand-in-hand, do they? As if facing a global health crisis wasn’t terrifying enough, the world’s economic nosedive is hitting Australian families and individuals hard. Really hard. But as with most things in life, rest assured there will be light at the end of the tunnel. As cheesy as it sounds, we really are all in this together. Out of this strange and unwelcome period will come a brighter future for Australia and the rest of the world. So while we work on our self-isolation best practices, what are the steps we can take to achieve a sense of financial security in a pandemic?

Find out what government support applies to you

The Australian Government is currently providing financial assistance to Australians during this uncertain time. The assistance includes income support, household support and temporary early releases of superannuation. All the important details can be found here.

Be sure to also look at your state government and find out what packages and recovery efforts apply to you.

South Australia: The SA government has unveiled a $1 billion jobs stimulus package. Keep an eye on media releases and updates here.

Tasmania: The Tasmanian Liberal Government has prepared a $420 million stimulus package to support Tasmania. Keep an eye on media releases and updates here.

ACT: The ACT Government has prepared an economic support package of $137 million. Keep an eye on media releases and updates here.

Northern Territory: The Territory Labor Government’s $65 million Jobs Rescue & Recovery Plan has been introduced to keep shops open, cash flowing and Territorians working. Keep an eye on media releases and updates here.

Western Australia: The WA State Government announced a $607 million stimulus package to support WA households, pensioners and small businesses in the wake of COVID-19. Keep an eye on updates here.

Queensland: The Queensland Government has announced a $4 billion COVID-19 package to support Queenslanders’ health, jobs and businesses. Keep an eye on updates here.

Victoria: The Victorian Government has announced a $1.7 billion economic survival and jobs package to support small and medium sized businesses in Victoria. Keep an eye on updates here.

Write up a budget plan

If ever there were a time to start being conservative with your funds, now would be it. You’ll feel an alleviating sense of financial security in a pandemic if you can stick to a well-curated budget. Remember, the ever-changing economic climate brings all kinds of financial stress, so you’ll want to keep updated on what’s happening and budget around that.

Accept the current state of affairs and do what you can to work around it. Try to avoid spending as if everything is normal in the world. Evolve and adapt your spending to suit the current climate. That being said, please don’t panic buy.

Panic buying goes against the idea of budgeting for a pandemic. You might find yourself buying excess of what is necessary, being left with little funds to support other areas in need. Excessive stockpiling can also lead to price gouging, which is when the prices of certain supermarket items double or triple in price. None of us want to pay $20 for toilet roll.

Pay attention to budgetary changes

Now that you are in self-isolation, you will notice certain expenses disappearing and others rising. As you won’t be leaving the house, you will no longer be paying for petrol or for drinks or a night out. You will, however, be using electricity and water at home a lot more. Consider these variables and tailor your spending habits around them. You will need to pay close attention to what money goes where as it will be different to your routine money management system.

Carefully consider a loan

Australian Lending Centre is a leading provider of bad credit loans and consolidation loans Australia-wide. We strive to assist people who have multiple credit cards and personal loans. With the introduction of the coronavirus, we understand finances are tighter than ever. ALC can lend a helping hand. We offer a wide range of financial services and can provide a product to match your individual needs. From debt consolidation and debt management, to credit repair and low doc loans, ALC can help. Get started on your loan application here.

Look after your mental health and well-being

It may be the last on our list, but it is indisputably the most important. A healthy mental state is vital to feeling a sense of financial security in a pandemic. If you feel mentally on top of things, the finances will follow.

Avoid Fake News and Sensationalised Media

One of our top tips would be to avoid fear-inducing media if you find yourself inclined to anxiety. Although we have addressed keeping up to date with the latest pandemic news, this doesn’t mean delving deep into conspiracy theories and reading about all the tragedies. Have an understanding and be aware. Just don’t spend all your time consumed by COVID-19 news.

Stay Busy and Engaged

Try to keep yourself occupied with hobbies. Read a book. Go for a jog. Clean the house or learn a new recipe. Being homebound doesn’t have to mean being bored out of your brain. It certainly doesn’t mean sink into the couch and rotate through Netflix series’ all day.

Seek Support

Finally, seek support if you’re feeling helpless. Beyond Blue has a dedicated page on its forums to help those who are experiencing mental health depreciation due to the current global crisis. You can contact the Australian Government Department of Health on their national helpline (1800 020 080) for information on the pandemic. There will always be people you can speak to and people who can help.

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News Business Loans Financial Planning Short Term Business Loans Short Term Loans

Emergency Business Loans – Risk vs Reward

As we find ourselves in the middle of a global health crisis brought on by COVID-19, there comes a point where protecting physical health comes at the expense of our financial health. Employees at risk of carrying the virus are being forced to stay home. Spending habits have completely changed. The stock market has crashed. The list goes on… But what does this mean for your business? Cashflow is likely to be stretched within any company at this time, particularly within business start-ups. If you don’t have much money in the reserves then how can you keep your business afloat if the worst does happen? Emergency Business Loans can provide a fast source of income for when things don’t go to plan. This sounds great, but what are the risks?

What Are Emergency Business Loans?

Emergency business loans can provide a fast source of income to give your business the cash injection it needs during tough times. They are usually granted quickly and you don’t always need a great credit score in order to be approved. But they do often come at a cost, including higher interest rates than a standard loan. Emergency loans come in many forms. These include unsecured personal loans, credit card cash advance loans, payday loans and even pawnshop loans.

Emergency personal loans

The great thing about emergency business loans is that they can be processed extremely fast. You can expect to receive an emergency business loan within days of approval. Depending upon your credit score, you might qualify for an unsecured personal loan. This means that the loan will not be secured against any assets, such as property or a motor vehicle. Personal loans usually have fixed interest rates and can be paid back over a set period of time. Before taking out an emergency personal loan, you should first ensure that you will have the funds available to pay it back, otherwise, you will wind up in a worst financial position than you started in, along with your credit history taking a battering.

Emergency cash advance loans

It is possible to use the remaining balance on a credit card to take out as a short-term loan. This will mean a higher interest rate than normal and this rate will also be relative to how much you take out. So be wary of how much you do borrow via a cash advance loan.

Emergency payday loans

Unless you’re expecting an influx in cash in the very near future but are in a desperate and immediate need for cash to tie you over, for the time being, a payday loan is a risky option. APR’s can be as high as 400% and need repaying in full, rather than in instalments. This should be a last resort option. It’s easy to become trapped in an endless cycle of re-borrowing in order to pay the last payday loan off.

Emergency pawn loan

Another last-ditch option here. You can have personal items valued by a pawnbroker, of which they will use as security in order to back the loan. And if you find yourself unable to repay the loan, your pawned item will be listed for sale.

Are There Alternatives to Emergency Business Loans?

Your personal credit score will not be affected by your business loans. Nonetheless, you still need to submit your personal credit rating. You also need to prove your revenue for a year or two. Banks have tightened their lending criteria in recent times and often require financial history or in-depth account records to assess the capacity of the business to handle their financial obligations. This means that applying for emergency business loans through a bank can be a tedious, time-consuming process. For this reason, if you need funds fast, then banks aren’t a great option.

Emergency business loans may come at a higher cost for borrowers with no proof of income and a poor credit rating. When this happens, it is advisable to search for other options. Here are two alternatives which could help you establish or maintain your business especially when there is an urgent need for funds:

Line of Credit

Do you have a business account with a bank, but don’t qualify for its traditional business loan? You can apply for a line of credit instead. A line of credit enables you to access extra money whenever you need it. This is because they don’t have a fixed term, unlike personal loans. So, you can use it without applying for another loan. You also only pay interest on the amount you have borrowed, not your entire credit limit. However, usually, interest rates are usually variable with lines of credit, meaning that they can fluctuate up or down. You also can’t expect a quick turnaround with a line of credit because it may take weeks before it gets approved. Yet, it can still be a very useful resource for future business emergencies.

Specialised Lenders

Specialised lenders like Australian Lending Centre cater to businesses that do not qualify for traditional emergency business loans. ALC understands that business must continue as usual despite any financial drawbacks.

Considerations Before Taking Out an Emergency Business Loan

If you want your business to keep operating, you need the right funding to pull you out of problematic financial situations. There are also some management decisions that require immediate cash to sustain growth and avoid serious fallbacks.

What are the things to keep in mind when applying for emergency business loans?

Determine the business’s needs and the amount you need to meet it

It is important to have a clear idea of what you really need before you sign the loan application form. It is very easy to lose track of what you intended to do from the start if you don’t have a clear understanding of your needs. Remember that the amount must not be greatly higher than your actual needs. When running a business, it’s important to remember that the costs must be lower than the profit. Otherwise, you will end up spending more than what you actually earned and your business will suffer.

Review your credit history

Have you missed or been late on some of your previous debt repayments? If so, why did it happen? Before you apply for an additional loan, make sure that you have a good budget in place to avoid repeating the same mistake.

Specialised lenders may offer bad credit business loans, meaning they can still approve your loan application despite negative credit history. But reviewing your credit file is good to practise. You may find that there are defaults or judgements which have been incorrectly listed. So, before you send your business loan application, make sure that your credit file is accurate and up to date. Companies such as Clean Credit are able to quickly and easily assess your credit file and repair it if required.

Study your financing options

Specialised lenders may offer better terms than traditional banks, especially if you don’t have a stellar credit rating. Review the company and its loan products, and compare them with other financing institutes. Check if the financing procedures are safe and secure and if you will be able to save more money in the process. It is also important to talk with the loan officer and ask about the details of the loan, including its comprehensive terms and conditions.

Always consider your business plan when applying for a loan – make sure that the amount you borrow and the financing agreement will support your plans. Use every cent you get to support your goals and to build a solid credit history so that you can quickly access business loans with better rates in the near future.

Emergency business loans from specialised lenders are usually approved between 24 hours and 7 days – so it is advised to create a budget before you send in your loan application. Not only will it ensure that you will use the money exactly as you planned, but it will also keep you from defaulting on your loan repayments.

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Personal Loans Short Term Loans

How To Improve Your Lifestyle with Quick Loans

There are so many different ways you can improve your lifestyle with quick loans, the problem is, many people don’t know what a quick loan is and exactly how one can help you out. Whether you are trying to find your way out of debt or looking for a bit of financial help over a certain period (such as the holidays) a quick loan can be the perfect solution.

What is Quick Loan?

The term ‘loan’ can be off-putting. It can conjure up images of debt and financial stress, and many people are unable to see the benefits of it. Not all loans are created equal, and taking out a loan can sometimes help you stay out of financial trouble and get you back on your feet once again.

So what are quick loans? They are personal loans that can be funded in a short space of time. Approval and funding can both occur within days of your application, which means you can put the money to use straight away without waiting for funds to clear.

There are so many different ways to improve your lifestyle with quick loans, here are just a few.

How to Improve Your Lifestyle with Quick Loans

Pay Off A Holiday

No more scouring through Trivago for the best deals… An injection of cash can help you to book the holiday you deserve.

After relaxing and forgetting all of your worries, the last thing you want to face, on top of the holiday blues, is financial stress. You’ve been off work for a couple of weeks, enjoying your trip and now you are back home with no pay coming through any time soon. A quick loan is a perfect way to get you out of debt fast.

Get You From Paycheque to Paycheque

It’s no secret that some months it can be hard to stretch your money to the next paycheque and you find yourself living off tinned baked beans just to make it through. Next time this happens to you, consider taking out a quick loan. It will tide you over until that next paycheque, and offer you something nutritious to eat at the same time! It is the perfect way you can improve your lifestyle with quick loans.

Pay For Gifts

Pay for gifts
This time of year can place a huge financial strain on many families, but the fact is, it doesn’t have to.

The holiday season is a busy time of the year. From Christmas parties to presents for all the relatives, you can find your money is flying out the window faster than you can earn it. Don’t worry, you aren’t alone.

Get Out Of Debt

Unfortunately, debt is something that tends to spiral out of your control. Once you are in debt, unless you can sort it out quickly, it can all too often get the better of you. The bills pile up, one of top of each other, and before you know it, you are sinking.

A quick loan is a perfect way to offer some light financial relief while you get back on your feet again. It can be just the boost you need. The competitive interest on quick loans can help you pay off your overdue bills and give you a bit of breathing space when it comes to paying off the next one. Just this simple step-up can often be enough to help you take back control of your finances.

Unexpected Costs

Life is unpredictable and at times you can find unexpected costs creeping their way in. Sometimes, these costs can add up and you find yourself pushed financially. Whether you were in a car accident and need to pay for repairs, or have ended up sick and in hospital, you can improve your lifestyle with quick loans.

Taking out a quick loan can help you get back on your feet without spiralling into further debt along the way.

These are just some of the ways you can improve your lifestyle with quick loans. The fact is if you find yourself in the situation that you need a bit of cash to tide you over or help you get a leg up, consider taking out a quick loan. The team at Australian Lending Centre can help you out, enquire today!

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Short Term Loans

5 Benefits Of Short Term Loans

Taking a loan isn’t proof that you aren’t administrating your finances well or that you aren’t earning enough money to support your family. A loan is a great method that offers you a way out of a problem! In this article, we discuss the benefits of short term loans.

A short-term loan solves the issue immediately and without all the fuss that comes with larger loans. If you need the money to pay for medical expenses, house reparations or an unplanned trip visit to your family, that’s what short term loans are all about!

5 benefits of getting short term loans

They are manageable!

You can take a $500 loan and that’s it! Small loans were made to fix urgent matters, so take advantage of them! Short term loans won’t keep you up at night thinking how you’re going to manage interest rates and any other additional fees.

Unlike large loans that pose problems and can disrupt your finances, a small loan will help you out. Not being able to make payments on time and worrying about a bad credit score won’t be an issue when you deal with such short-term loans.

Online application

This is one of the biggest benefits of short-term loans. You can fill out a form on the Internet and wait for the money. Skip the road to the bank office and staying in line for hours. This type of loan comes with an online application that will only take you a few minutes of your time while doing it in the comfort of your own home.

Access the funding fast

Skipping the fuss that comes with larger loans also means getting the money faster! This is actually the exact purpose of short-term loans. They have been created for urgent matters that can’t be planned ahead. In just a couple of hours, you can receive the money and sort out your financial difficulties! It’s that simple!

You can customise your payment plan

You can borrow only the money you need, considering that a short-term loan doesn’t come with a fixed sum of money. If you think you’ll be able to pay it back in 3 months, settle a 3-month payment plan. If a 5-month plan sounds better, go with that option. A customisable payment plan allows you to get back on your feet without worrying that you won’t be able to repay the sum in the given period. You choose what’s best for you.

Dealing with a short term loan is easier

Taking a loan isn’t always a burden, especially if you borrow a small amount. Repaying a small loan in a couple of months can be entirely possible for your budget. So, you’ll be able to get out of your financial difficulty, and you won’t have any debts.

Short term loans are a great option to quickly get you back on track- that is of course if you don’t have significant debt. Of course with any loan it is important to take precaution. If you have any questions about short terms loans, read 5 questions to ask when applying for short term loans.

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Business Loans Business Consolidation Loans Self Employed Short Term Loans Tax Debt Loans & Relief

How to Deal With Rapid Business Growth

When your dreams come true, and your business is not only up and running, but thriving and growing, it is truly a joyous feeling. Although you may want to take some time to bask in the light of your successful accomplishments, rapid business growth is actually a time for you to take a step back, to regroup, and to refocus.

As counterintuitive as it may seem, business success and growth is optimal for analysis, because if you don’t address the success and growth, you run the risk of false complacency and mindless routine, both of which can quickly derail expansion and progress.

Therefore, after that well-deserved pat on the back, sit down and try to understand why your business is so successful. It may be a strange directive, but by acknowledging what you do well, you can also understand what needs improvement. Your business strengths can be honed even more or expanded to different areas of the company.

Rapid Business Growth Means Big Changes

By going through receipts, invoices, payslips, bills, product assessment and/or services provided, you will be able to ascertain if you are good at budgeting, finances, predicting trends or even data entry. All of these facets constitute a business, and if you can identify the positive factors, then you can see the negative ones as well. It is possible to turn the negatives into positives.

Another source of feedback is customers:

  • Why are your customers so happy?
  • Why are they coming to your business rather than your competitor down the street?

Talking to customers individually or corresponding by email will help you see their perspective and will encourage customer loyalty. Without customers, there won’t be a business, so treat them well and listen to their comments, no matter how insignificant.

It also helps to have a business mentor. Depending upon how your business is funded, you might have private or angel investors who can bring a great deal of sound advice and experience to the proverbial table. See them not only as a cash resource but also as a font of knowledge.

  • How do they handle rapid business growth?
  • What are their suggestions?
  • How can they be of service to you during these exciting times?

Ask Your Closest Allies

Since we are focusing on the people who surround you, also turn your attention to your team. They can offer unique ideas and different perspectives as to the success of the company. By assessing their skills and their compatibility, you will be able to see if your team is a well-oiled machine that works together. This may be a reason for your success or it could use some more grease.

If you conclude that your team can handle the business growth, and continue to do so in the future, then this is definitely fortunate. However, don’t be afraid to add new talent to the team. Take a risk and hire people with more experience or more education, since they can bring entirely new working methods and ideas to the company.

Rapid business growth may spur you to hire new people, as mentioned above

However, before doing so, you might want to see if your team can do the work or to assign different chores to a range of staff. By shifting and sharing responsibilities among employees (and yourself), you create a different dynamic that might benefit you even more. The team could run more efficiently or people might discover hidden talents.

Adding More Employees May Help

If you still feel the need to hire new people, to keep costs low initially, you might contemplate using a temp service. In this way, you can see what roles need to be filled and how the group environment changes. After a certain amount of time, you will better understand your employment options, and you can always transition a temp to full time.

Freelance workers are an additional source of labor. By outsourcing data entry, accounts, or marketing, you can alleviate some of the work burden on staff, while again, keeping costs low, while you analyze your business.

Adapting to new trends and technology is key. As you well know, everything in the virtual digital world is constantly updating, becoming faster and better. Computers, programs, devices, and even wifi service are forever changing and while some of it may be blatant marketing, some products are worth researching.

Don’t Get Left Behind

Why be left in the dust due to a stubborn attachment to an old program or an antiquated banking system? Don’t be afraid to try new things that might actually make your business run smoother and ease your own stress levels.

Even though you must be doing something correct to achieve rapid business growth, studying emerging trends and adapting to them is an important strategy. Adjusting your business model and testing multiple ideas is a means of keeping your company fresh and innovative.

Businesses are often in constant flux, and flexibility regarding that constant flux is a very significant way to manage your rapid business growth.

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Short Term Loans

The Ultimate Guide To Short Term, No Credit Check Loans

Taking out a loan can be a very long process. It is dependent on a number of factors, including what type of loan you need, your credit history, and the institution you choose to take the loan with. But sometimes, we need a quick cash injection to give our personal or business life that little boost it needs, and we don’t want to be waiting around for the long, drawn-out process of taking out a loan and miss out on opportunities in the process. This is where a short term no credit check loans can be very helpful.

What Is A Short Term Loan?

As the name suggests, these are loans that are taken out in the short term. Normally, they are expected to be paid back within the year. These type of loans are commonly taken out by business start-ups, who don’t yet qualify for a credit line from the bank, yet need a quick cash injection to get them up and running.

Types Of Short Term Loans

There are different types of short term loans that can be used for a number of different purposes depending on your individual circumstances.

Merchant Cash Advances

This type of loan is actually a cash advance, but it works in the same way as a short term loan. You can borrow a certain amount from the lender and then make the payments back to them by allowing them access to your credit facility. A certain percentage of each business transaction you make is taken back until you pay back your loan.

Line Of Credit

This is similar to using a business credit card. A limit is set, and you can use that credit as needed. You then have to make monthly instalment payments against the amount you have borrowed, so these will vary from month to month.

Payday Loans

These loans are usually given for emergency situations and can be fairly easy to obtain. Unlike the other loans we have looked at, they generally have to be paid back in one lump sum on your next payday.

Online Loans

Once again, as the name suggests these loans are carried out online. You can access a short term loan with a number of finance providers, with everything from application to approval done online with money wired into your account instantly.

Why Take Out A Short Term Loan?

There are a number of different reasons you may want to take out a short term loan.

Consider the following scenarios:

You have just started up a new business and need an initial cash injection to hire some employees to get things up and running. You have approached a bank, but they aren’t interested in helping you as you have no credit history and are considered a risk. If you’re looking to get back on your feet, the consider a short term loan. Short term loans can provide the foundation for taking out a long term loan down the track.

You need some money to fix your car after you have been in an accident. You need that money fast, as you rely on your car every day for work. Instead of waiting for approval from the bank, you can go down the route of a short term loan, get the cash as soon as you need it and get back on the road faster.

There are also plenty of benefits that come with short term loans

Less Interest

With a short term loan, you can expect to pay less interest. Pay them off quickly as the time frame is usually shorter. This doesn’t allow time for interest to build.

Instant Money

Given the fact that there is a lot less risk for lenders when it comes to short term loans, the process is a lot shorter and you can have the money with you even faster.

Easier To Get

Credit scores don’t factor in when it comes to obtaining a short term loan, which makes these loans even easier to get. The requirements are lower, which make them a lifesaver for many businesses.

Benefits Of Short-Term No Credit Check Loans?

Firstly, credit checks take time, which is one of the reasons the loan process can be fairly drawn out. Also, if you have a bad credit history, there is also the likelihood you won’t be approved for a loan with many financial institutions. Getting short term loans with no credit check sidesteps this and allows you to get the money you need when you need it, and without the hassle.

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Debt Consolidation Bad Credit Loans Business Loans Home Loans Personal Loans Short Term Loans

What Are The Benefits Of Using An Alternative Lender?

Following the GFC, banks became very cautious with how they lend their money. They didn’t lend to certain borrowers particularly those with bad credit or small businesses – in the fear that they would not be able to get their credit back. As a result, many businesses fell into bankruptcy because they had no one to turn to for financing.

If you’re looking to start a business, it can be even more challenging to secure financing from a bank. To get your business operational you may need some sort of finance. This is because you cannot start a company without the necessary capital to sustain it. When banks close the door your business dreams, just remember that it is not over yet. Aussies have one more form of financing that they can use – and that’s alternative lending. Slightly different from the traditional bank, alternative lenders have become quite an attractive choice for those that are in need of a loan.

What Is an Alternative Loan?

Alternative loans are the kind of businesses that aren’t provided by traditional lenders – for example, banks or credit unions. Examples of these kinds of loans are private loans, bad credit loans, wholesale funds, peer-to-peer loans, start-up loans, and so on.

Each of these loans has its own terms and conditions – which is why you must research accordingly. Depending on the lender, you might be asked for a higher interest rate, or given a smaller loan amount. But depending on your preferences, you will choose the one that is most suitable for you. Overall, alternative loans offer a second chance at finance.

Why choose an Alternative Lender?

There are various reasons why you might want to go for an alternative lender.

The Application Process Is Quick and Easy

Every alternative lender will have a straightforward loan application process. Technically speaking, all you have to do is provide some basic contact (or business) information, along with some financial data. A lender will need to quickly assess your financial situation to see whether they have the right loan product available.

Depending on the lender, you can expect to have your application completed in as little as 15 minutes, provided you are working with a tech-savvy lender. If you are borrowing online, it is even more convenient, as you will not have to get out of the comfort of your home in order to make the application.

Funds can be released quickly

It takes a few minutes to a few hours for your application to be approved – all depending on the time at which you make your request. The quicker that you work with the lenders, the faster you can get your funds. At the Australian Lending Centre, we offer an easy way to upload your documents. It takes a matter of minutes and can be done from your mobile. From the moment your application is approved (assuming it is), it can take as little as 24 hours for the money to appear in your account (depending on the lender)

Some lenders do so in 48 hours, but this is still the better alternative to traditional banks, for which you will likely have to wait entire weeks. This way, it will be much easier for you to start off with your projects right away.

You May Borrow with Bad Credit

If you have no credit or bad credit, there is a high chance that banks will not lend you money. They will see you as a red flag – and they will believe that you will not be able to make your payments on time. Unless your credit is above a certain number, there is a high chance that your request for a loan will be denied.

However, alternative lenders such as Bad Credit Loans generally have far fewer requirements. Whilst they still asses your finances, they will still lend to bad credit borrowers. Therefore, if you had trouble making timely payments before or had no luck with traditional lenders, then there is a high chance that you might be luckier with an alternative lender.

You May Use the Funds However You Want

Certain lenders expect that you use the funds that they give you in a particular way. For instance, if you are the owner of a construction company and opt for taking out a business loan, then you need to specify what you plan on doing with that money. As an example, you have to specify in the application that you need the loan to buy a bulldozer – and the lender will know that your profits will start growing with that purchase.

However, with alternative lenders, this will pose no problem. For all they care, you may use that money to buy a bulldozer, pay old Jim’s paycheck, or purchase a new fancy pen for the office. Obviously, you will use that money wisely – but what matters here is that the lender won’t set conditions on how to use that money.

Should I use an alternative lender?

Alternative lenders represent a very convenient solution when you are running low on money, but the banks won’t give you a loan. Alternative lenders offer people who have been refused in the past with a second chance at finance. All that you have to do now is find the right lender that will provide low-enough interest rates.

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Short Term Loans Business Consolidation Loans Business Loans Self Employed Short Term Business Loans

Short Term Loans Facts You Probably Don’t Know

Short term loans are convenient and quick ways to get money in a frenzy. You don’t have to worry about a credit check because many lenders offer no credit or poor credit loans. If you have a stable income, you’re over 18 and you’re willing to pay off a loan in as short as two weeks’ time, you have a great chance of qualifying for a loan. A short term loan is also a very potent financial tool that can help you break the cycle of debt and say goodbye to high-interest credit card debts. Read our short term loans facts now and take advantage of this useful source of finance.

How does a short term loan work?

It takes only a few minutes to fill out the application form. In 15 minutes or less, you can get the result of pre-assessment. Lenders will ask basic questions with a soft enquiry such as your income and age and the amount you want to borrow. In most cases, when you apply for quick cash like 90-day loans, lenders will review the information you provided, ask for your income verification and send you a loan offer.

What loan amount should you take? 

Depending on your financial situation, a lender may offer a high loan amount. If you don’t need all of it; don’t take the full amount. Lenders often extend higher amounts of short term loan to earn more money in the form of interest. Stick to the original amount you intended to borrow—which must be limited to the amount of money you need to meet your current need so that you can easily pay it back as soon as you can.

alc simple application process

How long is the repayment period?

Short term loans can be as short as two weeks to three months, or up to 1 year. Often, borrowers pay back the money back in full within 90 days. If they receive their salary twice a month, they pay back a portion of the loan into bi-weekly payments. The lender can break it into 3 monthly payments, 6 monthly payments or more depending on your income. Australian Lending Centre offers flexible repayment terms.

What fees are included in the monthly repayments?

One of the more complicated short term loans facts concerns the fees. The repayment amount includes the interest rate and fees on top of the principal amount of the loan, divided into several payments. The repayment amount each period depends on the total cost of the loan including the amount you borrow.

It is important that you review the terms of the loan, especially the loan amounts, interests and any fees before you accept the offer. If there are any hidden fees or the interest rate is too high; consider declining the loan. It is important to enquire about the interest, and completely understand the loan agreement that you are entering before you sign.

Why do people prefer short term loans that regular loans?

Convenience is one of the top reasons why borrowers choose a short term loan over bank loans and other loan products. It has minimum documentary requirements and an easy income verification process. The review process is extremely quick. Short term loans are a convenient and easily accessible means of acquiring money fast.

Business loans typically require a business plan and extensive paperwork. With short term loans, you don’t have to show any proof or supporting paperwork as to where you are spending the money. Bad Credit Loans also offer Short Term Loans. If your credit history is bad due to a default, judgement or blackmarks you may still be eligible for a loan with no credit check. 

A short term loan is a reliable and flexible financial resource. In times of emergencies, a short term loan can prove to be your saving grace. Unlike traditional loans, you can access the money within 24 hours. Pay it off in just a few weeks or months. Short term loans don’t require collateral. If you have missed payments your assets are still safe.

How should I choose a lender?

There are multiple online lenders promising cheap interest rates, low fees and high amount of loan. But, don’t be fooled, some of them are either scams—asking for advanced payments before releasing the money, or those that charge hefty interests and fees, plus hidden costs that could probably put your deeper into debt.

Look for a credit provider with the following characteristics:

  1. It provides equal opportunity for affordable loans for people with good or bad credit. A stable lending company profits from offering quality products and reliable service, not because it squeezes money from its borrowers.
  2. The loan process is hassle-free. If you qualify, the lender would tell you right away and will make the money available in less than a week. It has a reliable screening system and credit evaluation criteria that allows it to screen creditworthy applicants as quickly as possible.
  3. It offers affordable interest rates, knowing that all borrowers—those with an excellent record or those with bad or no credit record at all must be given reasonably priced loan products to help them out in times of needs.

Now you know the short term loans facts, enquire with Australian Lending Centre to receive professional advice.

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Short Term Loans

Cash Advance With Payday Loans

Cash advance payday loans may look like a great option, but there is a downside. Your bills may be piling up, you may need to pay your car rego, fix a car, or pay for a medical bill, but you haven’t been paid yet? A payday loan seems like a simple solution.

If you are in dire need of quick cash, there are options available. One such option is cash advance with payday loans.

What are Cash advance payday loans?

Cash advance payday loans are high-cost short term loans that offer quick and convenient access to cash. If you are in need of cash to pay for upcoming bills; then a cash advance can help you get sorted fast.

Whilst some people may see payday loans as their quick fix to financial stability, there are however opposing views. Here are some of the advantages and disadvantages associated with cash advance, payday loans.  Take a good look at these and weigh if a payday loan is good or bad for your financial health.

Advantages of cash advance payday loans

  • Fast approval
  • Loans are available even for a high-risk borrower
  • Pay for emergency situations fast. Did your car break down? Is there an emergency field trip in your child’s school? Or, are you taking advantage of the big discount on equipment for your business? Use it any way you like it, cash advance payday loans can save the day.

As long as you can assure the lender that you can repay, you can get the money you need fast and you don’t have to worry about receiving notices that your utilities will be cut off because you missed the payment.

Disadvantages of payday loans

Payday loans usually come with very high-interest rates. These rates can come in the form of a flat fee or a certain percentage of the cash advance payday loans. For example, a cash advance lender may charge 20% per $100 borrowed. This means that the borrower has to pay $20 in interest on a monthly basis. If you missed a payment on the first month, the interest will accumulate and you’ll be paying more than your original debt as the time goes on and the debt remains unpaid. 20% may not be a big deal if you will pay it outright when you receive your pay for the month. But, if you took a loan 7 days before your payday, you will be paying a large fee for a 7-day loan.

If you’re borrowing against your salary, where will you get money to pay for your expenses before the next payday? It can lead to another debt until you can’t get out of it anymore.

Is cash advance loan a good idea?

A person has too much debt when he owes more than what he can afford to pay, simply because his income is lower than his debt, and his liabilities are greater than his assets. If you’re struggling with debt, another debt can either help you get out of it, or drag you deeper into debt. It is a choice you have to make, especially in the way you will use your money.

Better alternative to payday loans

When you need money for emergency use, you can turn to Australian Lending Centre for short term loans, which are a safer solution than payday loans. Whether you are going to use the money for business or personal matters, short term loans are easy and quick solutions that you can count on. You can get approved in a few hours and get the money faster than banks do.

Pay for personal or business expenses, invest and grow your money, by using Australian Lending Centre short term loans. It is a better option than cash advance payday loans. Contact the experts of Australian Lending Centre today.

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Bad Credit Loans No Credit Check Loans Short Term Loans

Bad Credit Score? Improve Your Chances of Getting A Loan With Bad Credit

Is your bad credit score making it difficult for you to get a loan? Poor credit history is more common than you might think. Borrowing options can be limited and the cost of the loan can incur greater costs to you. But…it’s important to remember that a poor credit score is not the end of the line when searching for loans. The first thing you can do is search for bad credit loans. Otherwise, read on as we uncover some tips. There are innovative ways to increase your chances of getting a loan with bad credit.

Consider using security or collateral

Assets, such as a boat, car, land or even a house may be advantageous when applying for your loan as these offer the lender some reassurance. The amount of the loan will depend upon the equity or value you have in assets. You do need to consider that if you default on your payments, this may result in the repossession of your property or assets to recover the cost of the loan.

Look beyond the obvious loan providers

Unlike most lenders, credit unions are more inclined to look beyond the credit score, give you a fresh start and lend money. Their focus is on the person as an individual, not just the numbers. Do bear in mind however that they will not invest in a borrower who can’t service the loan. A credit union is still looking to make a profit, despite being compassionate in lending rules. Credit unions still have set criteria to approve a bad credit loan.

Show consistent savings habits

You don’t need to have a massive bank balance to show you are stable financially and on the right track to rebuilding or improving your credit history. Present your savings account, showing a solid pattern of savings. Showing that you will be organised and methodical moving forward with your loan payments is vital. Lenders are reassured when you have funds to draw from should you find yourself temporarily short of income or cash flow. If lenders can see healthy saving habits then your chances of getting a loan with bad credit will be higher.

Have someone with good credit to co-sign the agreement

Having a guarantor is one of the simplest ways to immediately increase your chances of obtaining loan approval. This person needs to have a positive credit score and a consistent income. The most common people to co-sign loan agreements are family members, relatives and very close friends. These people need to understand the risks of co-signing a loan and trust you will not default. If you do, this may affect their finances and future credit score. If you default on the loan this person will be in the unfortunate position of having to pay the loan amount. You need to be 100% committed to paying the loan and have the income to service the loan. You won’t want to compromise the relationship.

Do what you can to fix your credit score

Firstly check out your credit to ensure there are no errors that are affecting your score. If there are, you may be able to fix your credit. You may find older bills that have since been settled and can be removed. Other factors can include delinquencies or loans that you may not have incurred. Credit rating agencies can make mistakes but are always open to correcting these errors.

For more answers to your financial questions, check out our FAQ page. Or enquire now, through our online form.

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Debt Consolidation Bad Credit Loans Personal Loans Short Term Loans

Quick Loan Myths Everyone Should Stop Believing

If we are honest, there are a lot of quick loan myths in the loan industry which have negative perceptions. There are many misconceptions as some lenders employed unethical lending practices. As a result, a range of false or exaggerated perceptions has emerged. Still, you should know there are always two sides to every story.

1. Quick Loans Are Schemes That Rip You Off

To start with, due to the bad publicity that quick loans have received in recent years, most people have come to believe that these loan products are rip-off schemes. This one of the main quick loans myths.

Quick loans are suited for people that are in urgent need of cash but cannot access it elsewhere. Therefore, as long as you meet the loan repayment terms, everything is fine. Things are likely to get off track when you miss making repayments or you default – which applies to all types of loans.

2. Quick Loans Are Beneficial to Lenders Only

Moving on, another of the common quick loans myths is that providers of quick loans want to rip-off customers. However, considering that the lending criteria for these loans are really permissive, it makes sense for the interest rates to be as high as they are – especially since these loans usually don’t imply a credit rating check.

People with poor credit rating can seriously find these financing options life-changing. The only requirement you should meet is to have a steady income so that you can repay the loan in time. Also, since this type of loan doesn’t require collateral, the additional costs are greater than in the case of other types of financing.

3. Quick Loans Have Concealed Fees and Additional Costs

The list of popular myths regarding short-term loans continues. Many people are under the impression that payday loans come accompanied by hidden costs and fees the lender hesitates to disclose. The reason behind this assumption is that the majority of borrowers aren’t responsible enough to go through all the terms and conditions included in the signing papers.

It is against the law to conceal fees and additional costs – that is to say, all lenders based in Australia must be 100 percent transparent and upfront concerning the terms and conditions of the loan. Therefore, in order to avoid such scenarios, borrowers should take the time to scrutinise all the information about the loan product.

4. Quick Loans Are for People with Serious Financial Problems

Furthermore, there are also quick loan myths that short-term loans are provided for poor people with unstable financial situations. As mentioned, quick loans do not reflect financial stress, they simply offer people with an immediate alternative to cash.

Additionally, all types of people deal with financial difficulty. Therefore, it would be wrong to assume that whoever gets a quick loan is part of a specific segment of the population. As a matter of fact, when you need money for an emergency, it simply means that you’re going through something and there’s no other way in which you can get the money you need.

5. Payday Lenders Use Threatening Strategies to Collect Payments

While it’s true, to some extent, that some payday lenders use aggressive marketing techniques to promote their loan products, this doesn’t mean that they use threats to collect the payments.

Truthfully, reputable lenders, such as Australian Lending Centre are transparent and upfront regarding the terms of the financing. At the same time, reliable lenders never use these tactics. This merely means that you should do your research before picking out a lender out of the sea of lenders.

6. Taking Out Quick Loans Means That You’re Irresponsible

There is a common misconception that those who apply for a quick loan are financially irresponsible. Nevertheless, as long as you consider both the pros and cons of this decision, this doesn’t apply. It is implied that each financial decision has a range of pros and cons. It makes total sense for quick loans to have both pros and cons.

Evidently, the pros are that you get quick access to cash when you need it, without having to worry about the application process, adding collateral or a co-signer. When you need cash ASAP you don’t have time for these.

On the other side, the cons are that the interest rates are high and that, if you default on the loan, you might end up in financial hot water. Still, this applies for all types of financing – meaning that, regardless of the loan product you want to apply for, you should be 100 percent sure that your financial situation allows you to cope with making repayments.

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Bad Credit Loans Business Loans Short Term Business Loans Short Term Loans Tax Debt Loans & Relief

Loans from Private Lenders With Bad Credit

Just a couple of years ago, having a bad credit score was an end-of-times scenario, although now you can get loans from private lenders. It simply meant that the unfortunate owner of said credit was unable to get another loan for years or for the rest of their life. Luckily, we’re past that now. The evolution of banking and lending has enabled a new wave of borrowing.

If you’ve ever had a low credit rating, applying for a loan with a private lender was most probably the first solution to get you out of your predicament that you thought of. If you’re reading this because you’re aiming for a loan, but your credit score leaves a great deal to be desired, we’ll teach you how to get the money you need.

Private Lenders & Bad Credit Loans 

Shop Around for loans from private lenders

You should not settle for the first lender you find during your search because you will be missing out on more advantageous offers for sure. Compare a few offers and dissect them. If you can’t do this on your own, we recommend you hire a financial advisor that specialises in Loans for People with Bad Credit.

Make Your Case 

Even if private lenders give people with bad credit a chance, they’ll have to know what happened. Also, people who tend to put the blame on their banks but seem to be completely oblivious that it’s their fault will make private lenders a lot more reluctant to help them out. Unlike a bank, a lender won’t show you the door as fast as he sees your credit score. Plus, he’ll listen to your story. Perhaps you had a medical emergency and you couldn’t keep up with the monthly payments and your credit score dropped – in this case, a private lender will know that you’re not a bad payer.

Consider a P2P Platform 

P2P stands for “Peer-2-Peer”. This is basically a way of lending that pairs up people and private lenders. Let’s assume that your credit score is in a certain figure and your financial needs, too, are in a certain amount. When you go to a P2P platform (a fancier term for a P2P website, really), the professionals there will consult the lenders they collaborate with and will get back to you with the best deal, i.e. the one that’s in line with your requirements.

Opt for Secured loans from private lenders 

As risky as it is, you should be willing to take this step. The thing is, you can definitely get a loan with bad credit, but the lender won’t be very keen on giving you a low interest rate.

A secured loan is attached to assets, such as your house or car. If you fail to pay, the lender can place a lien on the asset that the loan is secured to. On the bright side, if you make your payments appropriately and things don’t go awry, you’ll get a much lower rate than you would with an unsecured loan. And what’s more, it will be in a much larger amount.

Avoid loans from private lenders that Are Too Eager to Help

Private lenders will always ask for proof that one’s income is sufficient to allow him to borrow money and live however decently for the rest of the month. If a lender doesn’t ask you for this kind of proof, an alarm should go off in your mind. Serious lenders that are actually genuine and work in accordance with the law, will never give you money unless your income allows it.

You might think “Oh boy! I’m the luckiest guy alive!” but you really aren’t. You might end up in even more debt and wreck your credit score to such an extent that it will be impossible for you to ever borrow money again.

Concluding Remarks 

Private lenders are evidently of great help to people who can’t get loans from traditional lenders like banks and credit unions. Even though it’s fairly easy to get a loan from an online lender, you shouldn’t lose your wits. Approach things with a clear mind and a thorough understanding of how loans work in general.

If you’re having trouble with finding a lender you can place your trust into, please visit Australian Lending Centre and make an inquiry concerning the type of loan you’d like to apply for. You can rest assured that you’ll get what you’re looking for plus some valuable, professional advice on how to improve your credit score.

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Short Term Loans Bad Credit Loans Self Employed

Dealing with Job Loss

Dealing with job loss is never easy, especially if it was the sole source of your income. It gets worse when you lose the friends you made at that company. However, there are financial options such as quick loans that can make this point in your life easier.

Overcoming job loss psychologically

Being separated from something you’ve gotten so accustomed to, is hard to handle. Learning how to cope with the disappointment that comes with the words, “You’re fired” is a challenging task. Not only did you lose your job, but you have also lost a part of yourself along with it. There is help out there such as job loss counseling services.

You lose your friendship circle as well as your professional stature. You might think that this is the end, but it’s not. It might be the opportunity for you to start something new. So you should just get up and go; mourning over your job loss is not the best way for you to cope. You just need to make sure that after some time, you’ll leave that in the past.

Deal with the problems facing you in the present; like finding ways for you to regain your professional identity as well as hiking up your financial status that may have sunk down. Looking and applying for job openings, planning your finances and deciding on a career change are some good options to consider.

Finding New Friends

You might have relied so much on your work friends that you may have forgotten to develop a social circle outside of your workplace. Make new friends that will be there for you in times of need; you need friends like these to support you when you’re having emotional breakdowns or even when you’re short on money. Having them there beside you while you’re grieving over your job loss will make it easier for you to move on.

Friends like these are hard to find and easy to lose – just like money; you need to work hard to get them. But spending your money on unnecessary things will make them disappear faster than you could say “friends”.

Consider your current financial status, credit card and savings. You might not be able to last long, so you need to find a job STAT. Scouting for job opportunities is your first step, then you could start setting up and editing your resume, filling out requirement slips along the way. You could also check out job offers that you received previously – if you had any. If you need finance in the interim, a short term loan may be a solution.

Don’t forget to minimise your daily expenses

If you can’t find a job quickly, a way of dealing with job loss can be minimising your daily costs. These include food, fuel, and clothes. Shopping for unnecessary things and eating out at restaurants shouldn’t be on your priorities list right now. You can celebrate with a fancy dinner when you find a job replacement, but as of now, stick to homemade food.

If you’re considering a career change, you need to ask some consultants about that. Alternatively, you could simply choose a career path similar to your previous job and the course you took in college. You’ll need some documents to support your resume, so make sure you have them ready in case you get called in for an interview. When you do get called for an interview, demonstrate that you are qualified, confident and job ready. Smile and be yourself. Those are the two things that you should remember to do. Even if the interview doesn’t go as well as you expected it, remember that at the end of every dark tunnel, there is light.

Dealing with job loss can be an opportunity for a fresh start

Losing your job may leave a negative impact on you, everything changes. Things just aren’t the way they used to be anymore. Your daily routine to go to work at seven sharp, chat amongst your workmates, go to your cubicle, then fill in the papers you need to work on – is now gone. Because of this, your self-esteem and self-confidence might drop. When you no longer know who you are you lose your purpose, or at least you think you do. But, look at the bright side. You can look for new employment, start a part-time gig or pursue a new passion and earn money from it.

Australian Lending Centre offers quick loans to people who suffer from job loss. We will help you start over, so you can start building a strong financial future.

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Financial Planning Financial Fitness Short Term Loans

Starting a New Job? Here’s How Short-Term Loans Can Help You

Congratulations on your new job! Whether you applied for this job for experience, for pay, or both, here’s how short-term loans can help you get started on the right foot.

Cover Job-Related Expenses

If you were laid off, or you just started working for the first time in your life, you’ll eventually realise that you must spend money in order to keep your job. That means you need to get ready for job-related expenses, such as:

Transportation Costs

Your new job may require you to use your personal vehicle or take public transport for work-related reasons. Fuel and bus fares can be pretty expensive, especially if you’re travelling a long distance to get to the workplace. Since commuting may not qualify you for tax breaks, it is best to discuss the possibility of reimbursements with your boss for work-related travels. You can also enquire at the tax department about job-related tax deductions, should any of the allowable deductions apply to you.

Accommodation/Travel Costs

Does your job require you to travel to various places in order to find new clients or meet potential investors? If so, it is advised to discuss the travel expenses with your employer. If there is a delay between reimbursement can leave you out of pocket so short-term loans can help with this. Whether you will have to pay for it first and be reimbursed later or if they will provide the money upfront every time you travel. Just in case you’ll have to shoulder the cost first, you can rely on short term loans for quick cash. But, always remember to bill your employer so that you won’t have to foot the bill all by yourself. Otherwise, you need to shoulder it and apply for tax deductions for job-related costs later.

Work Wardrobe

Working in style doesn’t have to be expensive. If you have a uniform at work, things would be easier. But, if there’s none, you need to find creative ways to look neat, clean and a little bit stylish. Looking good and being comfortable can boost your productivity simply because you like what you are wearing and you’re proud of it. A short-term loan can help cover these initial expenses.

Look for discount stores that sell high-quality garments at low prices. Choose clothes that can serve double duty. For example, if you’re in the corporate world, buying black pants, skirt (for women) or a jacket would be a great idea. You can match it with a white shirt/blouse and black shoes. Purchase an all-weather coat and great fitting jeans. A tote bag can be very useful too, it can hold your work-related items and you can also use it on casual days. For $1,000 you could easily buy yourself high-quality outfits that last; these items will get you through the first few months of your new job.

Pay Your Existing Debts

Do you have a variety of debts? Perhaps you’re dealing with a car loan, mortgage or a credit card balance.

When you run up a large credit card balance, it won’t be easy to pay it off. The longer it takes you to pay off the balance, the more it can cost you.  Make sure that you pay at least the minimum required amount on time.   Defaulting on your debts will not only destroy your credit rating, it could mean additional interests and fees, plus increased risk of bankruptcy. While you’re starting on your new job, try to stay in control of all your loans – including your utility bills.

Set Aside Money for Emergency Needs

Put money aside for emergency needs so that you won’t be in a vulnerable financial situation when an unexpected expense hits you.

Set a Budget That You Can Live With

Nothing is more challenging than setting a budget without money to work on. If you would like to stick to a daily budget, get a short-term loan first, and consider it as your first salary. Create a daily budget out of that amount (make sure that you are basing it on the actual salary you are expecting to receive) and follow it. Plan your day and budget your daily meals, transportation expenses, utilities, recreational activities, etc. If you’re fond of eating out, perhaps it’s about time to eat healthy home-cooked meals. You might be too busy to cook on a daily basis, so why don’t you prepare your meals weekly? Stock your meals inside the fridge and simply heat them on the weekdays.

Australian Lending Centre can help employees achieve financial independence. Learn more about our short-term loans by making an enquiry today!

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Personal Loans Business Loans Financial Planning Short Term Loans

Top Methods of Getting Personal Loans from Private Lenders

Every individual or family may need personal loans from time to time. It may be for various reasons: the car broke down, the house needs some renovations, or their daughter is planning to get married in Spring. Regardless of the reason, money is needed as fast as possible.

The problem is that options such as credit card debt or bank loans aren’t always available. Once more, reasons may vary. It may be because you built up too much bad credit or you have no collateral to attach to the loan.

In these cases, a personal loan from a private lender may look like a very good option. They are fast, easy to access, and may overall improve your financial situation. And this article will tell you the top methods of getting a personal loan from a private lender.

#1: Figure Out If a Private Personal Loan is Your Best Option

Before going for personal loans, you need to learn the difference between public lenders and private ones. For one, private lenders aren’t banks, credit unions or financial institutions. They are simply individuals (or companies) with no attachments to a certain institution that lends money to other people. Those who receive a loan from a private lender usually have a certain relationship based on trust.

A personal loan taken from a private lender is different from other types of private loans, in the sense that you don’t need to specify why you need a loan. On the other hand, public lenders will categorise the loan based on your needs: student loans, car loans, mortgage loans, etc.

Keep in mind that personal loans are very different from payday loans. A payday loan will have to be paid very fast – usually within the first two weeks – and they carry a very high interest rate. A private personal loan will have a longer time frame and a lower interest rate – but will still be higher than the one offered by a bank.

There are also risks to personal loans from private lenders, such as shorter payback periods or costly fees. Most will require collateral to secure the loan. If by any chance, you find yourself unable to pay the loan, the lender will be entitled to sell that property to get his money back.

#2: Consider the Alternatives

The most important part of getting a personal loan from a private lender is knowing that there are other options aside from them. If the return of your purchase makes your loan worthwhile, then getting personal loans from a private lender might not be such a bad idea.

Still, before going for a personal loan, you may want to check whether you can use cash to fund that purchase or not (or at least some of it). This may reduce the costs in interest, resulting in a much smaller loan.

You may also want to evaluate all your alternatives. Consider opening a line of credit, or getting a public student loan. If the interest rate is more beneficial for you, there’s no reason for you to take out personal loans. Only do so once you’ve burned out all the other options and know for sure this is your best opportunity.

#3: Access Your Options for Personal Loans

When opting for personal loans from a private lender, you need to do your research on the options that they provide. You may want to focus on lenders that are accredited or have been approved by the government.

You can go for individual lenders or companies. Browse through your options, and see which one is a better way to start. After learning of all the options, you may settle on the one you believe is more convenient for you.

You should also try contacting your family, friends, or business acquaintances. They may be able to offer you a personal loan quickly, with a smaller interest rate. Still, you may want to make sure that there is also a written agreement next to your verbal one. And you should keep in mind that failure to repay this loan can result in damaging your relationship with your lender.

Once you have explored all of your options, collect all the documentation that you need. You need to appear as creditworthy as you can. Show your income sources, your savings, or any physical assets that you use to secure your debt.

Final Thoughts

Personal loans from private lenders can be tricky to deal with – but they are also convenient if bank loans are not an option for you. All you need to do is research your options and come up with a convenient provider. Contact us for a free assessment that has no effect on your credit file and get one step closer to a suitable personal loan.

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Short Term Loans

Should You Pay Off Short Term Loans Early?

Short term loans have terms of up to 18 months which is great when you need short term cash. But if you can, should you pay off short term loans early? In comparison with other types of loans, these require weekly or even daily repayments. What many people fail to understand is that the interest rate is always higher.

The lender might tell you that you’ll be having a 20% interest rate. You’re fine with that, and you take it. But, by making daily or weekly payments, the interest rate actually increases. Before you know it, you’ll be paying 30% or even 35% interest rate.

Short term loans, in this light, can be anything but helpful. So, is it worth it to pay it off earlier? Well, it depends on what you understand by “pay off early” – it can either be refinancing or repaying the entire bulk of the money you owe.

Paying off your short term loans is going to be a good practice or a bad one, depending on the two situations mentioned above.

Refinancing

Let’s imagine you’ve found a lender with much more pleasant terms and you wish for them to buy you out. They promise lower interest rates, and you go for it. What you don’t know is that they will be using part of the money you want to borrow to pay off the first lender.

If they don’t do it, they will always be in the second place, in the sense that you’ll be obliged to pay the first lender. Now, if you want more money, they will use part of that money to buy out the first lender.

You’ll be getting some quick money into your account, but the price of that money is absolutely astonishing. The interest rate, too, will grow even higher. This is where paying off short term loans earlier does not make sense.

Unfortunately, many business owners allow themselves to be tricked this way. They end up paying almost or even double the sum they’ve borrowed. Depending on the size of the company, this can be a tragedy.

They will be paying that loan early, but the next one will have too many strings attached to it. Refinancing seldom makes sense because the interest rate will always be growing instead of decreasing, even though it may look like it’s much better than the first one.

Dissolving the debt

This can happen only if you don’t need any short term loans and your company grew to heights so unimaginable that you’ve made up the money to pay the debt in one huge rate. This is less likely, obviously. Miracles rarely happen, if at all.

Save money by paying your loan off early

But, in this case, paying off the loan early is recommended. You’ll be sparing yourself some really good money you’d otherwise spend on the interest rate. By doing this, you will also increase your APR (Annual Percentage Rate), which is a good thing.

Recommendations

Negotiate with the lender

If you want to pay any short terms loans early, you should negotiate with the new lender. For instance, you could get a prepayment incentive, which is basically a discount on the interest rate.

Weekly repayments

It’s not huge, but it’s certainly better than nothing. Moreover, if possible, try to settle the lender on a weekly repayment. This way, the interest rate will be steady and won’t climb up.

Check out your margins

Another thing that is crucial, so you must make sure you will check out, is your margins. You must do the math on the expenses (the real ones, not some estimates) and the growth (again, the real one, not the one you think will happen).

These will allow you to get some perspective on how much money you actually need and if you will be able to afford the loan in the first place. Unfortunately, it doesn’t put you in a safe position from the interest rates, but it will enable you to get a much better offer.

Short term loans

Short term loans are a real help for people who are in need of funding that is repayable in one or less than a year. If you pay off short term loans early, however, there is a two-edged sword. On one hand, it can save you from the high interest applied to them.

Do Your Research

On the other hand, it can get you in more debt than you ever imagined. That’s why you should never underestimate doing some research first. No two lenders are ever the same.

Look for incentives

Prepayment incentives and weekly repayments are the things you should aim for. With us, you will find information about these and the perks and pitfalls of paying short term loans early.

And you should take the people that have been victims of the disadvantages of doing this as examples so that you won’t be in their position. We hope you’ve learned something really valuable here.

Now you will be able to advise other people that may be prone to falling into the pitfalls we’ve outlined here.

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Personal Loans Short Term Loans

How to Find Creditors of Quick Loans Online

When finances are tight, sometimes the best way to get out of a pinch is to find quick loans online. The Internet is very convenient.  You don’t have to stand in long, uncomfortable lines to apply, and everything is just a click of the mouse away. All you’ll have to make sure now is that you choose a loan that is convenient for your own budget.

Online loans can be quite expensive if you don’t know where to look. Since most of them are given on short notice, the interest rates can be fairly high. You need to do some pretty intensive research to find a company that won’t bury you even deeper into the cycle of debt.

Finding Quick Loans

As we mentioned, research is key. There are many online lenders willing to work their payment options around your budget. If you need some quick loans or just some advice, all you’ll have to do is contact them and ask the questions that are eating at you.

Keep in mind,  that online (or payday) loans are usually the most expensive way to get your hands on some credit. Unless you can find a company that offers lower interest rates, you’ll be better off asking for an advance from your boss, or go the classic way: go to the credit union or the bank.

Pay attention to the cost of obtaining a quick loan. Along with the interest repayments, you will have to pay the initial charges to take out the cash, but also other fees that might be levied on you. You may want to use online loan calculators as they will tell you exactly how much you have to pay by the end of the month.

Before taking out quick loans, you should make sure that you can handle the payments. These loans are usually short term and taken out on an exact time span – a week, a month – whatever you decide. If you can’t manage to gather the cash by payday, you will incur additional charges for every day that has passed.

Furthermore, if you find yourself nearing payday, you may want to resist the temptation of getting another loan to pay it off. If anything, this may only bring you more trouble than it can manage to fix.

Considering the Alternatives

Before opting to find quick loans online, remember that these should only be your last resort. There are many alternatives out there – ones that won’t rip you of every cent in interest. Here are your options.

Borrow from friends or family

If you have some unexpected bills to pay and you are not sure that the bank will provide, the first thing you should do is ask your friends or family if they could lend you some cash. Sure, it may be awkward to take money from people that you know, but if the sum is not that big, you may be better off this way. Plus, you won’t have to pay them any interest. The most you’ll have to do is pay for their drinks the next time you all go out.

You may, however, want to make a written agreement for the payments. It will give them some peace of mind, and at the same time, it will give you a nudge to pay their money back on time, without going through the embarrassment of being late.

Go for a credit union

Online quick loans may seem like the fastest way to get your hands on some cash, but they may also bring a whole load of problems in the long run. It is very unlikely for banks to lend you money in small amounts, which is why a credit union may be a more convenient option. Plus, credit unions also have better interest rates than a payday lender.

Before going for a payday loan, go online and look for a local credit union. Contact them and ask for the costs, after which you may start weighing your options. Talk to your creditor

People usually go for quick loans when they are close to a deadline and have no money to cover that payment. However, before going for payday loans, you may want to talk to your creditor and see if you can reach an understanding. Ask them if you can get an extension for paying your bill.

It can be easy to find quick loans online. All you’ll have to do is go online and start looking for the companies that offer the lowest interest rates.

At the Australian Lending Centre, we offer personal loans that are quick and easy to obtain, that could be the right fit for you. Call us on 1300 138 188 for a free assessment or fill out our enquiry form now.

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Short Term Loans

Best Ways to Use Short Term Loans for Consolidation

Short term loans are becoming more and more popular nowadays for an obvious reason: no one likes to drag on their payments. They want to get it over with as quickly as possible to be debt-free and considering that the application process is so smooth, this option is fairly convenient. You can also use short term loans for debt consolidation. Find out how here.

Moreover, these loans are great for those with bad credit, since they don’t need pristine credit rating to offer you a loan. The downfall, however, is that these loans have higher interest rates than the average loan. Everything “emergency-labelled” possesses some sort of risk, so in order to gain some security, lenders will raise the stakes to keep you paying.

But how can you use short term loans without burying yourself even deeper into a hole of debt? The answer is: use them wisely. You may contact our specialists on 1300 138 188 for a free consultation, if you wish. No matter if you are looking for a loan or some advice, we will do our best to guide you on the right path – and also help you avoid more payments than you can handle.

What Is Debt Consolidation?

Debt consolidation is the process of combining two or more loans into a single payment. If you’re asking yourself what difference would it make, think about it this way: with each loan, you have a particular interest rate to pay. As a result, the total payment in interest will skyrocket into space.

Granted, interest rates in debt consolidation may rise depending on the total sum; but if you can get at least 1% off the total interest, this will help you in the long run to save money – money that you can use on the payments for the actual loan.

helpful

How a Short Term Loan Will Help

Short term loans are there to help people in an emergency. As we may have mentioned, though, these types of loans are unsecured, and therefore, quite expensive. Since the lenders will be put at risk when they offer you money, they will have to turn to a high-interest rate to make sure that they are getting their money back.

Here’s a short list of the pros offered by short term loans:

  • One single payment: Nothing is more confusing than having to pay multiple loans to a lot of lenders. The risk of forgetting to pay one loan is very high, and before you know it, you’ll be staring at your credit history wondering why it looks so horrible.
  • Possible lower interest rate: There’s no absolute certainty that short term loans used for debt consolidation will offer lower interest rates, but let’s say that it’s a high 95% possibility. Used correctly, such a loan will have you paying less for each month.
  • Avoid credit score damage: By using short term loans to pay off your debt, you’ll be less likely to fall behind on your payments, and you will actually be able to stay on track. Over time, this will work to “heal” your credit score, and you’ll be able to gain credibility if you want to go for a regular loan in the future.

You may also want to keep in mind that a short term loan will be helpful only if you take out one of them. The more loans you take out, the more you will have to pay in interest. The solution would be to find some short term loan that will cover your entire debt, without having to resort to other financing sources.

Here’s how the whole process works: you get a short term loan, and the money that you will get will be used to pay off your other debts early. Not only will it help make things easier for you, but if you already had issues with late payments on the previous loans, this option will help fix your history.

avoid-traps

Avoid Getting into a Trap

The secret to avoid getting yourself trapped into a debt cycle is by borrowing exactly the amount that you need, and no more than that. Many people make the mistake of borrowing more than they need, just in case they need it. However, that “just in case” will have you paying more than you were supposed to in interest, which beats the purpose of consolidating. Basically, you are borrowing so that you can make things easier, not over-complicate them.

It’s important that you borrow responsibly so that you do not have any issues paying it back. Borrow from just one lending company to avoid the clutter of interest fees, and before you know it, your payment will be made without any further issues.

In conclusion, short term loans can help you if you want to consolidate your debts into one payment. The only requirement is that you need to be smart about it and not stretch more than your rope can handle. Enquire today and get short term loans for consolidation with Australian Lending Centre.

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Short Term Business Loans Self Employed Short Term Loans

What’s the Deal with Short Term Loans for Your Business?

As a business owner, you’ll often find yourself in need of financing and may be asking about short term loans for your business. Depending on your needs and circumstances, you could choose from short, intermediate or long term business loans.

In today’s post, we will discuss short term business loans, the instances in which they should be used, and the terms you have to meet to qualify for them. So, let’s get started!

Defining short term loans for your business

Loans that are classified as short term loans typically have a maturity of one year or less. In other words, they have to be repaid to the lender within that fixed timeframe. Nevertheless, there are short term loans that can be repaid much quicker than that – in approximately 120 days.

The primary reason why many business owners choose loans with short maturities is that they facilitate immediate financial help. What is more, they don’t require making a long-term financial commitment, which can be rather stressful, especially for start-ups.

The Purposes of Short Term Loans for your business

What are those instances in which short term loans are actually helpful? It’s always recommended to assess your circumstances, whenever it comes to making a financial decision. That being said, short term loans can be convenient for seasonal businesses, in particular. For example, retail firms that have to cope with inventory for the holiday season.

seasonal-business

Such a company might require a short term loan in order to purchase inventory in advance for the holidays. A business in this situation might be unable to make repayments until the end of the holidays. In such a scenario, a short term loan is an excellent option for businesses.

Nevertheless, this isn’t the only scenario in which a short term loan is a good choice. If a firm intends to increase its working capital in order to cover potential temporary deficiencies, a short term loan will meet this purpose.

On a different note, if you are waiting for credit customers to cover their bills, you might need financial support in order to pay your own bills. Additionally, such a loan could aid you to even your cash flow, especially if you own a cyclical firm.

What You Should Know About Qualifying For Short Term Business Loans

Moving on to qualifying for a short term business loan. For starters, you’ll have to collect comprehensive documentation for your application. Most of the times, the lender will require a record of your payment history that encompasses the loans you had in the past, payment records to current accounts, and, of course, your firm’s cash flow history for the last three to five years. Of course, these requirements vary. Additionally, you should be prepared to supply your income statement for the amount of time your lender requires it. Take into account that the documentation you gather should be in a professional format.

On a final note, your qualifications for short term business loans will establish whether or not the loan will be secured or unsecured.

short-long-term

Short Term Loans vs. Long-Term Loans: Which Is Better?

Typically, short term loans have higher interest rates, in comparison with long term ones. Nevertheless, in a recessionary economy, the interest rates on short term loans could be more advantageous.

In general, short term loan rates are determined by the prime interest rate and some premium. The lender will establish the premium depending on the risk your company poses to them. That is concluded after carefully analysing the documentation submitted for the application process.

Moreover, the interest rate on short term loans can be calculated in a number of ways. It’s best to be informed about the current prime interest rate so that you are knowledgeable when you negotiate the interest rate on your loan.

Securing a short term loan as a small business or start-up is a possibility. That is primarily because short term loans feature fewer risks than long-term forms of financing, due to their maturity. Nevertheless, it’s worth noting that, in the case of start-ups, most will qualify only for secured loans, which would involve offering collateral to secure the loan with the lender.

On a final note, the availability of short term loans to start-ups and small businesses is crucial to the economy. Without short term financing, companies couldn’t operate properly, nor could they expand.

If you’re looking for reliable funding for your business, you should get in touch. Australian Lending Centre supply suitable deals for our customers. Our focus is to assist Australian businesses, helping them find the ideal loan options for their needs and circumstances.

Conclusion Regard short term loans for your business

To conclude, short term loans for your business can be beneficial to both start-ups and businesses that have been operating for years. And the good part about them is that almost every business can get one. If you have other questions on the topic, you can leave them in the comment section below!

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Short Term Loans

Why Should You Consider Getting a Short Term Loan?

Short term loans are there whenever you need a small sum of money for your emergencies. It is a great thing to know that if something unexpected happens and you don’t have the cash, you can rely on a lender to help you out of a tricky situation. This kind of loan is becoming more and more popular in Australia, thanks to the fact that is it easy to obtain and fast to get rid of. So should you consider getting a short term loan?

Short term loans are like money you borrow from a friend, but it comes with some fees and limitations. Do you have any other ways of getting money fast? If not, then this might be the best solution for your problem.

What Are Short Term Loans?

Short term loans come with a value between one hundred and ten thousand dollars. The attractive part of the short term loans is the fact that they come with a short payback period. A short term means that you won’t pay too many interest rates and fees.

Anyone can have access to short term loans, even people who have bad credit. The loan terms can last anywhere between sixteen days to a year. The loan is easily approved, and the lending process is quick.

Who Should Consider Getting A Short Term Loan?

The main eligibility criteria are not very complicated. You need to be at least 18 years of age and have proof of a regular income. Don’t forget about that 100 points identification check.

You can use this loan however you see fit. Some use this loan to pay a pile of bills that they couldn’t get under control. Others use this type of loan to pay unexpected fees or bills.

unexpected-fees

The most attractive thing about getting short term loans is that you don’t have to dig into your money at this moment to pay something. Do you have to pay something until payday? No problem, a short term loan can easily help you with that.

Don’t want to use your credit card or cannot use it to pay for something? Short term loans can do that. Did your employer delay your payday? Don’t wait; apply for a short term loan. Want to go on a shopping spree but don’t have the money? Request a short term loan.

You can use a short term loan to finance your holiday if the time is right. Don’t wait until you save enough money. You might miss an opportunity by not acting now.

Another advantage is that a short term loan can help you fix that bad credit you have – provided that you make the payments on time. It really is a win-win situation. Use the money for your emergency situation and also improve your bad credit.

If you have bad credit, then it is a bit more challenging to get a loan. But do not weep, since plenty of lenders will approve your application if you bring collateral. They need some reassurance that the loan will be paid. Completely understandable, don’t you think?

Since technology is used in every domain to make our life easier, banks came up with a very interesting idea to simplify and accelerate the process of applying for a loan. Nowadays, you can apply online for a loan, from the comfort of your home, from the office or your car, and the money is quickly transferred into your account.

loan-types

Types of Short Term Loans

When it comes to short term loans, you have to choose between payday loans, unsecured short term loans, and secured short term loans.

  • Payday loans are loans that can go anywhere between one hundred and two thousand dollars.
  • Secured short term loans require that you connect an asset to a loan in case you default.
  • Unsecured short term loans require no assets, but the requirements are stricter than the secured ones.

Things to Look Out For

Be careful of lenders that will approve a short term loan that you cannot afford. Those irresistible offers might do you more harm than good. Also, because they have a short term of payment, there is a catch: they come with high rates and fees. So, there is a risk and you might find yourself in bigger trouble than before.

Conclusion

Short term loans can be of much help, but the actual result, good or bad, is only decided by you. Should you consider getting a short term loan? If you want to use them to pay debts every month resulting in an unhealthy financial habit, then you better stay away.

If you just need a bit of financial help, then you can contact us on 1300 138 188 or fill out our enquiry form for a free consultation. With us, you can find a loan with accessible fees and rates. Don’t hesitate to call us if you have more questions and ask our experts to help you choose the best option for your financial situation.

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Short Term Loans

When Short Term Loans Make Sense

If you need immediate cash and you have no financial documents to submit at this moment, short term loans make sense.

Don’t get us wrong. Using credit cards to finance a purchase is sensible as long as the repayment period is short; however, using it as a financing instrument is another thing. Stretching fees to a longer period of time would also increase the financing fees.

Personal expenses

Short term loans are commonly used to pay for personal expenses. You can access the money quickly which is very helpful in times of emergency. It has a shorter time span too, so you don’t have to worry about accumulating interests. You might say, “But the interest rate is higher than long-term loans”. It depends on the lender. Look for short term loans with flexible terms that would allow you to make affordable payments on the balance of the loan and the interest payments.

Personal loans are commonly used to pay for the money you need when you don’t have to wait for the lengthy loan approval process. Not having collateral to secure you debt is not a problem as well. So, instead of applying for secured loans that requires collateral, it is more convenient and shall we say, safer to get short term personal loan which can be granted without risking any of your property.

Investment

If used wisely, you can use your short term loans to grow your financial portfolio and prepare for your retirement. That includes purchasing investment property which is one of the safest investment vehicles out there. You can rent it out as a quick source of income, and the property may appreciate in value over the years, and you can build your equity and be in a better financial situation in the coming years. With your home equity you can have a quick source of income for medical emergencies, home improvements, business capital or even school expenses for those with kids.

Business owners who don’t want the lengthy loan process may avail of short term loans to grow their business. You may use it as a financial fall-back plan to make a smoother start when your business is in the rocks.

Consumer education

A short term loan can help you get what you need quickly but remember that while you may obtain it quickly, paying it back is the hard part. You may find yourself sinking into overwhelming debt if you don’t have a proper repayment plan. Consumer education is important especially in terms of compounding interest and payments. Climbing out of debt requires commitment and proper planning. But, you cannot settle your debts easily if you have no adequate knowledge about prioritizing payments and debt reduction. You must also know what to do when you cannot make a payment.

Australian Lending Centre provides short term loans to individuals who need funding fast. Our certified specialists can quickly assess your financial situation, even if you have poor credit history and low documentation. So, whenever you need cash flow injection for your business, investment deals or personal needs, you may contact us and our team will do our best to help you.

Call us today at 1300 138 188!

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Short Term Loans

Ads for Short Term Loans Banned on Google

According to recent settlements, Google have banned ads for Short Term Loans. The decision was triggered by the concern that these ads have a specific predatory nature. On that account, it has been established that the search engine will ban ads featuring loans for which the repayment is required within 60 days after the date of issue. But what is it that makes these loans far from the ideal choice for the Australian borrower?

The truth about short term loans

These short term loans stand under the question mark as they come with significant amounts of interest and are causing people to sink much deeper into debt. Consumer Action Law Centre has gladly received this establishment. However, there has been a range of inquiries regarding the way in which the mechanism will function.

For starters, Google has included an additional ban in the US for loans that are linked to an annualised percent that surpasses 36. However, after having agreed on that for the US the same mechanism was suggested to Jason Pellegrino, CEO of Google Australia. According to his affirmation, the same initiative that firstly emerged in the US will be extended to Australia as well, meaning that short term loans that have an annualised interest percent over 48. That initiative is expected to balance payday loans with the financial products from our country.

As made official by Google, this ban has come into force on the 13th of June, which has been the first time Google has taken the initiative by announcing a global ban for a broad range of financial products.

These short term loans, in line with the research conducted in this direction, indicate that, in most situations, they result in high default rates and unaffordable payment for users. The primary purpose is to protect each user from deceptive financial products and offers. Without fear of contradiction, this move won’t affect reliable and reputable banks and non bank lenders, such as the Australian Lending Centre, which provides a great variety of bad credit loans, debt consolidation loans, car loans, and etcetera.

The main reason people are lured into taking up payday loans is that they are presented to them in an attractive manner, similar to a quick, efficient fix to a complicated problem. As many people who are trying to make ends meet will assume that such a loan will put an end to their problems, they somehow fail to acknowledge that these loans are linked to high fees and charges, which will further get one in a vicious cycle of debt he/she cannot escape.

That’s why we recommend people who are in a difficult financial situation to steer clear of these payday loans, and opt for the guidance of a professional financial counsellor.

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News Personal Loans Short Term Loans

Best Last Minute Christmas Gifts

With the holiday season just around the corner, everybody is thinking of the best Christmas gifts that would make the loved ones in their lives happy and appreciated. But, most of the times, this season catches us off guard and utterly unprepared, and, all of a sudden, Christmas is only a few weeks away. This is where our guide comes to the rescue – keep on reading to get inspired with ideas for best last minute Christmas gifts. We wish you the best of luck and happy shopping!

Christmas gifts for travelling enthusiasts – “Where I’ve been” scratch travel map

This is a great Christmas gift idea, especially for those who are keen on travelling. It is a map that is covered in a particular kind of sheet you can scratch off. Scratching the map on the parts that the travelling enthusiast has visited will be utterly exciting, and fun as well. Of course, you can also opt for booking a vacation for your beloved one. It depends on your budget.

Spa gift card

Out of Christmas gifts inspiration? If you wish to spoil your significant other, you could opt for offering her a spa gift card. Whether it’s a card for getting a manicure, facial, or even a relaxing massage, your loved one will genuinely adore being pampered and look her best during the most beautiful season of the year. Take it from us. If not, you could consider a spa skincare set, for your loved one to create a spa day at home. You can take your pick.

Concert tickets

Getting concert tickets for your dear ones is a great, effortless idea. You don’t have to shop around, be it the case you are a terrible shopper. If you know your dear one’s preferences in music, purchasing concert tickets to his/her favourite artist is simply great. He/she will love the gesture.

Charitable donations

This is a great idea for a last minute Christmas gift, and it works, especially if the person you intend to get the gift for is interested in this kind of thing. Still, before making the donation, consider the person’s interests. For instance, if your dear one loves animals very much, then make the donation to a charity organisation concerned about it. Or, if your dear one has fought cancer in the past, make a donation on his/her behalf to such an organisation.

If you have any trouble in the financial department, enquire with Australian Lending Centre to get you sorted before Christmas!

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Bad Credit Loans Debt Consolidation Personal Loans Short Term Loans

Ways to Save Money if you’re Unemployed

There are a number of ways to save money especially if you are unemployed. To those who are experiencing the same thing, it is not the end of the world. It may take quite some time before you find another job and the best thing that you can do is to save your last resources and make the most of what you have in hand.

You’ll never know when unemployment is going to hit you and it may be because of various reasons; economic crisis, questionable number of sick days, poor performance, incompetence, or failure to demonstrate productivity. Finding a new career is not easy so there is a need to find ways to save money. Here’s what you can do:

Gather your resources

It may be in the form of savings, separation pay and other benefits that you will receive as soon as you leave.

  1. Search for a new career – It might take time before you land a full time job. Don’t lose hope; keep on submitting your resume.
  2. Part time job – It is not bad at all, it will save you from getting in debt. Getting a part time job is better than nothing.

Ways to save money

  1. Transportation – Make use of public transportation. Gas is a major expense. Public transportation is just a cheaper option, but drive when necessary.
  2. Avoid dining out – If you are used to Starbucks and getting take out, this is the time to pack snacks and lunches. Always bring water so you can avoid using the vending machine for bottled water.
  3. Make an attainable spending plan – Saving money is going to be tough. Prepare a spending plan that is attainable and stick to your plan.
  4. Cut unnecessary expenses – Subscribing to a magazine, paying for music downloads, spending on online games, these are just a few expenses that you can live without. Your priority is how to be able to pay for rent, water and electricity.

Spend less

Spending less is one of the most effective ways to save money. Try these tips:

  1. Shop with a list – If you are heading to the grocery store, make sure that you have a list of what you need. Without it, there’s a tendency to buy things that you don’t really need.
  2. Save water & electricity – Cut your water and electric bill. Don’t keep the water running when you’re not using it and turn off power switches when not in use.
  3. Use alternative brands – Signature items and big brand items are expensive, be brand flexible.
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Bad Credit Loans Business Loans Debt Consolidation Short Term Loans

International Money Transfers – Non Banks Offering Better Deals

International money transfers are essential type of service that people use to pay, receive and transfer cash in different parts of the world. It is a method usually administered by major banks, financial institutions and identified as one of the safest ways to transfer money. This procedure involves transferring or wiring money from one bank to another.

Everybody recognizes the convenience that it brings and this is the reason why most people prefer this type of service rather than handling the money physically. It is quite impossible if you work abroad and you need to send money to your loved ones back home. As you make international money transfers, you are also paying extra fees. Major banks take advantage of this situation and the electronic wiring fees may cause a little trouble on both the receiver and senders’ end. The actual amount of cash sent may not be the same because of the transfer fees.

Banks that offer international money transfers generally charge 2% – 3% for exchange rates which is quite huge and unbearable for senders. This becomes a problem if you are sending money to a foreign country. Foreign currency has different cash value. The exchange rate may affect the amount of money you are going to transfer and may be lesser than the expected value because of the transfer and conversion rate.

Other financial institutions that carry the same service may charge only 1% which is much lower compared to the fees charged by major banks. This is the reason why some people avoid bank transfers; it is quite understandable that some cannot afford to pay the fees and can cause them to lose a significant amount of money. Some find themselves in debt because of the unbelievably high rates charged by major banks. Sending money overseas becomes expensive which should not be. If your bank is charging fees that are too high, then it’s time to seek for other options. Other financial institutions carry the same service that charge lower fees.

International Money Transfers

Consumers can go online to check the foreign currency exchange rates. It will give them a better view, and to control the timing of money transfer. However, it may not be applicable to small amounts. Transferring money in minimum amount can be free of charge. The minimum is not constant and varies from one service provider to another depending on their scheme or bracket. Before you make a transfer, it is best to make a comparison to get the best deal.