Rapid finance

Q 1. Why should I Use Rapid Finance?
Ans 1. Rapid Finance has over two decades of experience in securing loans and finance for customers with varied needs. We specialize in bad credit, debt consolidation, and home loans with low deposits. Our tailored service helps find the best deal and loan for you. We assist throughout the process, including rebuilding your credit rating and guiding you through application processes.
Q 2. What kinds of loans does Rapid Finance offer?
Ans 2. Rapid Finance offers a broad spectrum of loans such as personal loans, home loans, and vehicle loans. Our home loans range from low deposit home loans, first home buyer loans, bad credit home loans, refinance home loans, debt consolidation, to investment property loans. Our vehicle loans include car loans, bad credit car loans, car refinancing, bike loans, caravan loans, leisure loans, equipment loans, and commercial hire-purchase. We also offer personal loans from $1,000 to $30,000, including bad credit personal loans.
Q 3. What are the advantages of applying with a loan broker?
Ans 3. Advantages of applying through a broker include low impact on your credit file, access to expert knowledge, connections to multiple lenders, tailored loan options, application support, and loan comparison. Rapid Finance, for example, can review your credit file, identify suitable lenders, guide you through the lending process, help present your application effectively, and compare loan offers for you.
Q 4. Can I get a home loan with bad credit?
Ans 4. Yes, with Rapid Finance's expertise in securing home finance for customers with bad credit, it is possible to get a home loan. We guide customers through the process, regardless of whether it's due to low deposit, bad credit, or a wish to refinance.
Q 5. Can I get a car loan with bad credit?
Ans 5. Yes, Rapid Finance specializes in bad credit car finance. We review your application and credit history to match you with the right lender at a competitive rate. With over 20 years of experience, we've helped numerous people with bad credit secure car finance.
Q 6. Can I get a personal loan with bad credit?
Ans 6. Yes, at Rapid Finance, we have over 20 years of expertise in assisting customers get their bad credit personal loans approved. We work to secure repayment terms that fit your situation.
Q 7. How can I qualify with Rapid Finance?
Ans 7. To qualify with Rapid Finance, you must be a permanent Australian resident or on a visa that allows you to work in Australia for the next 3 years. We review your income from employment or Centrelink benefits, regardless of whether you work full time, part time, casual, or contract, or are self-employed. We also assist customers with bad credit, including those with defaults, late bill payments, Part 9 Debt Agreement, Court Judgements, or a discharged bankruptcy.
Q 8. How can I check my credit score for free?
Ans 8. With Rapid Finance, we offer a free credit report check. Regularly checking your credit report can help you understand the factors influencing your credit score and take steps to improve it over time.
Q 9. What is considered a bad credit score in Australia?
Ans 9. In Australia, credit scores range from 0 to 1200. A score in the range of 0 - 549 is considered 'bad'. This score is based on information about your credit history collected by credit reporting agencies like Equifax, Experian, and Illion.
Q 10. Will gambling affect my credit score?
Ans 10. While gambling doesn't directly impact your credit score, it can indirectly affect it through debt accumulation, multiple loan applications, and uncontrolled spending. Additionally, while gambling transactions don't show up on your credit report, cash advances or loans used to gamble can be visible to lenders.