About Money Buddy
Money Buddy is a financial services provider that compares all the loans that are available in Australia.
Although we can’t help you make a decision since we don’t have relevant information regarding your credit history, we can at least give you an idea of how the good and bad credit loan operators work, what they normally require from clients and how much do they charge.
Some loan features are not included on our website. Clients will then have to either go separately on the loan’s website and enquire or alternatively, they can call and find out any information that has been omitted on our website.
Short term loans in Australia
Although there are many options that are available for applying for a loan, some people often prefer short-term loans. This is because you have a shorter period to repay the loan and the interest charged is usually not too high.
The short-term loans differ according to service providers, but they normally operate under the same mandate: paying your credit advance in due course to avoid charges and a bad credit record. The term also ranges according to the different loans that are available. The period normally ranges from 20 days to 6 months.
The reason a lot of people prefer payday loans is that they can be repaid as soon as you get your salary. That way, you can easily forget you had a loan. Ultimately, the faster you pay, the quicker you can start applying for a new credit advance plan if you see the necessity.
Money Buddy Services
Every credit advance in Australia who is in the finance industry has a responsibility towards responsible lending.
This is to say every lender has to ensure that each and every financial services provider they loan to is capable of paying them back. Should they do these checks and find that they are not capable, they shouldn’t lend the client any money.
Some lender relies on your employment, income, expenditure and other means of cash flow as a means of rating how you will be able to pay off your payday loan. As opposed to the normal credit checks that are done, other lenders prefer doing a different kind of credit rating.
Judging by the money you get and the money you spend on a monthly basis, they can then make a conclusion as to whether you qualify for the credit advance or not. Either option is accepted. As long as the actual will be able to get the financial assistance he needs at the time.
Although there are many lenders that don’t cater to bad payers, there are numerous that do. Therefore, it is important to first find out if your lender offers quick cash loans to clients with a bad credit record before applying.
Apart from the fact that lenders loan money to clients for the purpose of helping them in a financial crisis, they also loan clients’ money with the sole purpose that they are going to repay it. Failure to do so will render the clients being handed over to the credit bureau.
Money Buddy Product Details
- Loan Type Payday loans
- Interest Rate from 48%
- Loan Amount up to $2,000
- Repayment 20 days to 6 months.
Summary of Services
- CREDIT Cards
- PERSONAL Loans
- VEHICLE Loans
- PAYDAY Loans
- BANK Accounts
- HOME Loans
Money Buddy - We have fast loan turnaround times
One of the benefits of short-term loans is the speed.
It will not take you over a week to get a response from the lender you applied from. Seeing that credit providers are seeking to assist clients as soon as possible, they have to be available immediately when requested.
Any work that requires a lot of admin is a drag. It is for this purpose that financial service providers have resorted to emergency loan applications that require less paperwork in order to be successfully completed. There are online applications that save a lot of time, effort and paper.
Anywhere in Australia
Australian citizens are all kinds of blessed! Every person who was born and bred anywhere in Australia can apply for a short-term loan. Normally what is requested upon application is documentation confirming that you actually are an Australian citizen and your good to go!
No long-term commitment
Seeing that a short-term personal loan can be paid within a short period, you can still be able to do other things and have other financial commitments. After all, lenders don’t want you to think we have control over your life and finances. We want you to be able to live a normal life, regardless of the financial obligation you may have with us. We are not monsters, we are simply the right people to call when you need a little financial assistance from time to time.
Ask your employer for an advance
Unless your salary is systematic and can’t be altered, you can always ask for your salary to be paid out to you earlier and by doing this, you can then avoid the whole process of applying for a blacklisted loan. This has helped a lot of people, especially the ones with bad credit records. Again, this way, everybody is happy because you don’t owe anyone and the lenders don’t have to chase you down for their money.
Sell unwanted goods
There are always creative ways you can find to have money if you don’t want to go to credit providers. You can run an auction and sell all the things you no longer use or need.
Customer Reviews & Testimonials
Excellent customer services. They make you feel right at home when you go to the offices.
— Perth —
Nice quick and easy application that only takes a few minutes to apply. I am Super happy with the company when you get your loan placed in your account in such a quick time frame it really helps.
— Sydney —
Grateful to the company for the work they put in for me to get my loan.
— Brisbane —