What is a credit score?
Your credit score is a three-digit number that reflects your creditworthiness. It’s based on information in your credit file, such as how often you make payments on time, the amount of debt you have and how long you’ve had credit accounts. A high credit score means you’re a low-risk borrower, which could lead to lower interest rates and a higher chance of approval for loans and other lines of credit.- Poor credit score (300-549)
- Fair credit score (500-649)
- Good credit score (650-749)
- Very good credit score (750-799)
- Excellent credit score (800-900)
Finance One is an industry leader in providing bad credit personal loans
What are instalment loans?
An instalment loan is a type of loan that is repaid over time with a series of fixed, equal payments. These payments are usually made monthly, and the loan term can be anywhere from a few months to several years. Instalment loans are often used to finance large purchases, such as cars or home repairs, and can offer borrowers lower interest rates and more flexible repayment terms than credit cards.Do instalment loans affect your credit score?
If you’re worried about whether or not an instalment loan will negatively affect your credit score, the good news is that it won’t. In fact, both secured and unsecured instalment loans for bad credit might help you boost your credit score by adding a history of on-time payments to your credit record. If you have largely used credit cards in the past, they can also diversify your credit mix.Get a personal instalment loan with Finance One
Applying for a personal instalment loan with bad credit history might be difficult. From dealing with rejected financing applications to coping with sky-high interest rates, finding the financial solution that meets your needs can be challenging at best.If you want to learn more about personal instalment loans and how they can help you, check out our blog on the 101 facts you need to know about personal loans.
Finance One — your source of instalment loans for bad credit
Finance One believes in giving people a second chance at finance. Previous hiccups should not be used to determine whether you can handle a personal instalment loan. When it comes to securing the personal financing you need, the experts at Finance One are ready to listen and find the best solution for you.
If you want to learn more about our services or have any questions, please contact us and our team of professionals will be pleased to assist you.
Apply Online NowNormal lending criteria apply. Fees and charges are payable. Terms and conditions apply.
Finance One means:
Fin One Pty Ltd – ABN: 80 139 719 903
Australian Credit Licence: 387528
Disclaimer: The information above is of a general nature only and does not consider your personal objectives, financial situation or particular needs. You should consider seeking independent advice regarding your legal, financial, taxation or other needs, to check how the information relates to your particular circumstances. We do not accept responsibility for any loss arising from the use of, or reliance on, the information. All loan applications are subject to normal lending criteria. Fees and charges payable. Terms and conditions apply.
