Bad Credit Loans

In need of cash now? Let Cigno help you find a solution.

Looking For a Loan But Have Bad Credit?

Whenever you take out a loan of any kind, lenders tend to run what is known as a credit check. This allows lenders to assess whether or not a borrower is suited to a loan – and, unfortunately, many traditional lenders will not lend money to individuals with bad credit. They may go so far as to not lend money to someone with no line of credit at all.

Thankfully, bad credit loans exist to provide loans without credit check for those who may have fallen on hard times, or who are still in the process of building a credit history. Lenders that offer loans for bad credit ratings understand that a person’s financial history should not always be held against them. Past mistakes are not necessarily a fair representation of an individual’s current ability to repay debts, either.

At Cigno, we will look to connect you with a partner that can provide a bad credit loan.

What Does it Mean to Have Bad Credit?

A bad credit history is typically the result of defaults on loans. A default is when an outstanding bill has not been paid within 60 days. Defaults that have since been paid can impact your credit rating.

Too many lender enquiries can damage your credit profile further, which is why a few loan applications getting rejected can spiral out of control. Some banks will not even consider lending you money if you have a certain number of recent credit enquiries.

How Do No Credit Check Loans Work?

Loans without credit checks usually rely on the borrower’s other assets, including income, employment status and existing debts to determine whether they can successfully repay the loan. Aside from this, no credit loans work exactly the same as any other personal loan: you will have repayments to make and fees to pay, and you can use the funds however you like.

Bad Credit Loans with No Credit Check
The most common reason people have for needing no credit check loans is a bad credit history.

Your credit history can be tarnished by a wide range of incidents including overdue bills, late payments, missing repayments on other loans, declaring bankruptcy, and much more.

We believe such things should not preclude you from borrowing money and you should not be bogged down or judged by your past mistakes. At Cigno, we will look to connect you with a partner that will not only give you a fair go but will work with you to obtain a loan without damaging your credit score any further.
Bad Credit Loans While on Centrelink
Worried that you will be excluded from cash loans due to bad credit and Centrelink payments? Don’t lose hope – we might be able to help.

We act as your agent to lodge applications with lenders who assist customers on Centrelink with bad credit, helping them cover emergency expenses between payments..

When you are unemployed, retired or dealing with a disability, expenses can often creep up on you at the worst times. Bad-credit loans for Centrelink customers can help you cover costs that cannot wait until your next payment comes in.
Small Personal Loans for Bad Credit
When you need small cash loans, bad credit can cause issues.

It can be frustrating to have banks turn you away instantly when you just need to borrow a few hundred dollars. And repeated applications and rejections can further damage your credit history, making it even more difficult to access small loans for bad credit.

When comparing small loans for bad credit online, you may need to avoid institutions that typically conduct credit history checks. At Cigno, we will look to connect you with a partner that can assist you regardless of your credit history.
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Get Started Now

Simply fill out our enquiry form. Through our partner we will distribute your enquiry to a panel of providers who may be able to help you with an Bad Credit Loan.


There are several websites that can provide your credit file within minutes. These include FinderGetCreditScoreCredit SimpleWisrCredit, and Credit Savvy.  Most providers will give you file for free and offer additional premium products for a cost.  You are under no obligation to purchase premium products to get a copy of your credit file.

The key events that can negatively impact your credit rating are:

  • Overdue payments with utility providers (e.g. unpaid electricity or internet bills), defaulted loans, and late repayments with credit card companies
  • Prior debts that have escalated to a third-party debt collector or have been “charged off” (i.e. the lender has given up on getting the money back)
  • Filing for bankruptcy.

We employ a simple process to connect you with a partner that may be able to help you quickly and easily.

Yes. Some lenders will consider your application without conducting a credit history check.

It is possible, but it may be difficult to refinance to a loan with a lower interest rate than your current loan. This is because bad credit loans typically come with a higher interest rate to account for the higher risk.

Yes. Some lenders consider Centrelink payments to be a source of income, which means they are more likely to approve your application.

Yes. Typically, lenders will need to verify your income using recent bank statements. This means your income as a self-employed person will be considered.

Yes.  Some lenders consider applications from customers who are either currently bankrupt or have been recently discharged from bankruptcy.  If you are bankrupt, you need to inform the credit provider of your bankruptcy if apply for credit over a set amount. This may result in higher costs or reduce your eligibility for some loans.

For more information, check out our FAQ’s.