Company description
We look at a lot of different information to assess your loan. Affordability of repayments is at the forefront of our minds when looking to approve your application. However other factors, such as past credit history and other current financial obligations will have a bearing on the decision whether to lend to you.
Our assessors will analyse your credit report. We look for defaults, bankruptcy, magistrates court judgements, the number of credit enquiries, and check your bank statements for evidence of regular income exceeding $500 a week without a heavy reliance on other cash loans.
Defaults from the previous five years provide us an understanding of your financial history, and an indication of whether you can afford to meet our repayments. We take bankruptcy and magistrates’ court judgements very seriously and will not provide credit to applicants with negative records in this area.
Quick Cash is regulated by the Australian Securities and Investments Commission. The Australian Government has created responsible lending guidelines to protect Australians wanting to take out quick cash loans. Like other countries, these rules help Australians by capping interest payments and establishment fees. All of our loans fall under the National Consumer Credit Protection Act of 2009, otherwise known as the NCCP. As such the establishment fee and monthly fee are mandated at 20% and 4% respectively. With a simple fee structure, and transparent loan process, your cash loan is as convenient as possible for you!
https://quickcash.com.au/quick-cash/
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