personal loans

[Jem]

Hi guys,

Just a quick q..

Have any of you been approved for a loan, on centrelink payments, and with not so good credit history??

any recommendations??

Cheers in advance. :D

[Jem]

btw.. i only need a very small loan... somewhere along the lines of 250 bucks :o :p

[Lirael]

have you tried gatting a centerlink advance?? cash converters are a no no they will rip you off so so bad dont go to them. otherwise sell one of ur kids lol:D (noone will take mine):laughing:

[RedPanda]

I reckon you should be right Jem. I think you can actually apply to Centerlink for loans can't you?
I got a personal loan years ago for my first car ($5000). I wasn't on any Centerlink payments, but my wage was very pitiful and I had no credit history. Centrelink payments are probably more reliable than the wage I was on (I was a student working casually), so I think you'd probably get it.
At the time of my loan (which is about nine years ago, so it's a bit out-of-date) Commonwealth Bank was the most flexible.

[Jem]

cant get a c'link loan, as i recieved one in july...bummer :thumbsdown:

[Blessed Mum]

mmm..........not too sure Jem. We have only had loans through the bank & for such a small amount This might not be an option but is there any family/friends you could ask for a lend???? I know you might not want to ask but if you really need it & its an option think about it. sorry I'm probably not much help.

[Amberlea]

http://amazingloans.com.au/vic.htm

They have just had ads all over tv saying centrelink clients welcome.. wouldnt know anything else about them though.
Im thinking about enquiring for one so that I can get a new car lol.

Also - if you get family assistance - you can get a loan through them - even though you have already had your $500 loan from centrelink.
(they take the repayments back out of your family payment rather than your parenting payment).. I think the amount is around $200 or so.. ring them and check what you are entitled to.

[lavenderpegasus]

Bank loan usually being at $5000.00
With a bad credit rating it would be best to sick to you main bank ( the one your centerlink payment goes into) I really think that you will have to go to a place like western union or something like that, the interest is crazy and can somethime cost you soooo much more... Is there any other way?

I work for a bank so if you wanna know more feel free to ask... I do all the loans??:banghead: :banghead:

[Chicco25]

I also work in the finance industry dealing with all the lenders, for such a small amount - family members or friends might be the best way to go.

If you want a personal loan and you have bad credit - it can be quite difficult to get with any lender. Much easier if you have security - eg house or car

But not impossible to get. If you want any more info feel free to e-mail me.

P.S - Hope it works out for ya

Anita