On The Hunt For Lenders Offering Bad Credit Loans NZ? We Can Help Find Them!

Bad credit loans NZ are finance options for those who need some extra funds, but also have a low credit score. These bad credit loans NZ can be for amounts between $50 and $4,600. Depending on the amount, they can be either secured or unsecured.

Are you searching for something? Something that you can’t find anywhere else? Well, you may not be able to find the watch you lost 3 weeks ago, but we might be able to find lenders offering bad credit loans NZ. Instead of running around in search of a loan, leave the work to us. Apply with our lender-finding service and we’ll see if there’s a lender out there for you. Whether you have bad credit or you’re receiving welfare payments, we may be able to connect you with a lender to help you out.

Firstly, let us introduce ourselves – Personal Loan Pal NZ

We are lender-finding service that operates 100% online at your convenience! Yes, that’s right, you can apply for our service to find providers of bad credit loans NZ without leaving the comfort of your bed. So, snuggle up to your favourite pillow and read all about why we should be Loan Pals!

Our goal is to match Kiwis looking for bad credit loans with a lender. We believe that if you meet the basics of eligibility, you should be allowed to apply for our lender-finding service. The world of banks, loans and finance can be a tricky place, filled with dangers at every turn. That’s why we know it’s easy to make mistakes and turn down the wrong path. At Personal Loan Pal NZ, we can find a lender that will take a fresh approach by focusing on your present financial circumstances rather than past mistakes.

Why Personal Loan Pal NZ?

You may be thinking,

“Why should I choose Personal Loan Pal NZ?”

Well, we’re glad you asked! We can provide you with many reasons for why you should choose us to find a lender for you. To begin with, how about we list just five things that make our lender-finding service so good? Here’s a bite-sized preview of what we can do:

• Fast applications;
• User-friendly application process;
• Quick outcomes and referrals;
• Excellent customer service at the touch of a button;
• Avoid loan scams;

And the list could go on! We don’t want to brag too much, but if you’re in need of a lender offering bad credit finance, we’re the best way to find it.

What is bad credit?

Bad credit refers to a poor credit score calculated from your credit history. When it comes to accessing finance options, people with bad credit may require bad credit loans NZ. Traditionally, lenders will shy away from people with bad credit, as they are a riskier customer. However, we and our partner lenders are more lenient than traditional lenders, because we don’t take your credit score at face value.

So, what exactly do credit scores look like?

In New Zealand, your credit score exists on a scale between 0 and 1000. Most people fall into the “average” category, with a score between 400 and 600. Anything above 600 is considered great, while a score below 400 is seen as “bad”. Here’s a more detailed look at credit score bands:

• 0-200: The bottom end of the credit ladder. You might’ve defaulted on a payment recently, but that’s not the only thing that can land you with a low credit score. Even not paying your bills until just before they default can still result in a bad credit report.
• 201-400: Still got some improving to do. As mentioned above, this could be caused by paying your bills very late without actually defaulting.
• 401-600: The middle of the road for credit scores in New Zealand (the average is about 526). People in this band generally pay their bills on time and don’t have many credit enquiries. If you dip below the 500 mark and don’t know why, it might be worth checking your credit report to see where you could improve.
• 601-800: People with these credit scores are paying their bills on time, and have been doing so for several years. If you find yourself in this band, you may be able to get a better deal with your bank.
• 801-1000: Essentially a perfect score. Always paying your bills on time and never defaulting on a loan won’t necessarily earn you access to this level. If you do manage to get your credit score up this high, you’ll find you have a lot more leverage with banks.

Why we find lenders offering loans for people with bad credit

We believe every Kiwi that is eligible deserves a chance at finding finance. That’s why we find can find lenders offering loans for people with bad credit. Our goal is to search for lenders for our customers. Furthermore, lenders might examine your past financial history, but the focus is on your current circumstances. We want to see the good in your credit history, rather than just the bad.

So, are you eligible for our lender-finding service?

Our lender-finding service is easy to use and open to heaps of people! However, there are 4 little requirements that you have to meet before you can apply. To use our service in order to search for providers of bad credit loans NZ, you must:

• Be 18 years of age or over;
• Be a New Zealand citizen or permanent resident;
• Have been receiving a regular income into a personal bank account for at least the past three months;
• Have an active mobile number and email address.

That’s it. Four little requirements, nothing too major! We require all our applicants to be receiving a regular income because we adhere to responsible lending practices. Unfortunately, we cannot approve any client that cannot afford their repayments.

How to apply for our lender-finding service

Step one: Apply online

Applying online has never been easier! Our application process can take just minutes to complete. So, brew a cup of tea, snuggle into bed and get cracking on your application. You could be done before you know it!

If you want to get an idea of what bad credit finance might cost, scroll up and take a look at our bad credit loans NZ calculator. Adjust the slider to indicate how much you want to borrow and for how long. You’ll then be able to see how much you would hypothetically pay depending on if your repayments were weekly, fortnightly, or monthly.

Keep in mind that these are just examples of the possible costs of bad credit loans NZ. Should we find a lender for you and they approve your application, they will determine the exact fees, terms and loan amount available to you.

Step two: Fast outcome

Once you’ve submitted your application, you can sit back and relax. But keep your device close by! We’re usually pretty fast, so we can deliver an outcome to you in minutes.

Step three: Referral

If we find a lender for you, we can refer you to them quick smart! We don’t mess around when it comes to referrals. From there your lender will assess your application, so with our job done we’ll leave you in their capable hands.

And that’s it! Just three little steps and you could be on your way to securing bad credit loans NZ. All you have to do is complete our speedy application and you’re up and running!

What do bad credit loans NZ cost?

As we are a lender-finder, we can’t guarantee what the costs of bad credit finance will be. Your lender will determine the exact fees, terms and loan amounts available for you, which may alter your repayments. Annualised Interest Rates (AIR) could be as high as 620.5% depending on your personal situation.

Missing repayments for bad credit loans NZ

If you fail to make a repayment, a lender may charge a dishonour fee. Missed repayments are also heavily weighed when calculating your credit score. If you know that you’re going to miss a repayment, it’s best to get in touch with your lender as soon as possible. The earlier you notify them of the situation, the more chance there is that they’ll be able to sort out an alternate payment plan.

What about people receiving welfare?

Similar to finding lenders offering loans for people with bad credit, we also cater to applicants who receive welfare. How can we do this, you may ask? Well, we and the lenders we consider treat are willing to treat welfare payments as a form of regular income as long as you’ve been receiving them for 3 months or longer. So, why not apply with us today to see if we can find a provider of bad credit loans NZ for you?

Want to know more?

Our lender-finding service is 100% online, which means more convenience for you! Our lender-finding specialists are only a click away. We are dedicated to providing excellent customer service for all our applicants. Searching for providers of bad credit finance can be an uphill battle. We want to give you a much-needed break and help you with any problems or queries you may have about our service.

To get started, send us a quick message via our website, or send an email to [email protected] and let’s get chatting!

Of course, our specialists need their beauty sleep. Therefore, if you have a question outside of business hours, we’ll get back to you on the next business day.

Let’s be Pals

And that’s it. All you need to know about our lender-finding service. First and foremost we are here to serve any Kiwis who are on the hunt for providers of bad credit loans NZ. We understand that life may have been a bit difficult in the past, so we’ll do our best to help if we can.

If you have any unanswered questions about our service, you can head to the FAQs page and see if your answer is waiting for you.

Additionally, check out our cash loans! Looking for something else? How about our car finance loans

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