300 dollars loan is a bit huge to acquire especially those with bad credit score in Australia, but not impossible if you apply through the right lenders or broker platform. $300 loans for bad credit usually comes at a very high interest rates considering the fact that those running this loan option are few, cause lenders don’t trust people who has poor credits history they believe most of these borrower are not able to keep up with the repayment demands for previously acquired loans. Here before we discuss the available options for a $300 loans bad credit it will be nice if we explore the meaning of “Poor or bad” credit and it’s causes.
What are bad credit score?
To start with, a credit score is a rating from the scale of 0 – 1200 this score speaks louder than words mainly seeing these number, a lender can easily tell who you’re and your performance towards previously acquired loans, utilities bills and taxes. A bad credit score falls below 600 for Australia citizen who default payments, late or missed requite.
Read: $100 loan instant Australia [No refusal]
Available options for a $300 loan with bad credit
1. Payday Loans
Payday is perfect option for those looking for a guaranteed loans cause it’s often short term with few months for repayment, borrower must provide employment status cause a $300 loan payday is not meant for unemployed people.
2. No credit check loans
Another best option here is to apply for a no credit check loans and save yourself from lender troubles although these loans are expensive in nature, but truthfully speaking those with bad credit in Australia will definitely get $300 guaranteed.
3. Secured loans
To get higher loan amount of $300 and above alongside increasing your chances of approval with a bad credit score, a secured loan type might be just the easiest path to thread upon. A secured loan demands borrower put up their assets to serve as collateral.
How to apply for $300 loans online
1. Ensure you have a smart phone preferably APK or IOS devices with an internet connection.
2. Scan and unload your identification card details e.g (Visa passport) alongside income receipts proofs and bank statements.
3. Ensure you’re above 18 years and residing in the supported country. For Australian $300 loans direct lenders near me to explore are (Wonderloans, easyfinancing, friendly-finance).