Are You Eligible For Bad Credit Payday Loans in Australia?
- Non-payment of past loans
- Defaulting on credit card payments regularly
- Using up available credit too many times
- Non-payment of instalments for goods/services
Despite these factors and having bad credit payday loans in Australia as an available option, there are several ways to improve your credit score. One of the most common ways of doing this is avoiding loans for bad credit unless you have exhausted other ways of acquiring funds, such as personal borrowing or advances from your employer. If taking a loan is the only alternative, make sure that you pay it duly to avoid further damage to your credit score.
Never use the practise of ‘shuffling’ from one load to another to avoid stacking your debts up and finding yourself in a completely unmanageable position. You should make it a point to pay the poor credit loans off and close all debtor accounts.
You should also pay all of your bills on time and try not to approach the ‘zero credit’ mark too often. It’s preferable to have a certain ‘buffer’ of credit that you can use when emergencies arise.
As we work with a panel of over 15 trusted lenders who offer cash loans for bad credit, the eligibility criteria will differ from lender to lender. To apply through Viva Payday Loans, we only ask that you are at least 18 years old. However, some common criteria you might see include: