You are not alone with your financial problems
Most people, regardless of their background, have hit a rough patch, at one time or another, when it comes to finances. Whether you’re a college student trying to stretch your financial aid funds or you just got a new job and are trying to get going on your new career, you might be in need of some financial assistance to get out from under your debts and bills. Increasingly, senior citizens and retirees are feeling the sting of having little to no money leftover at the middle of the month as they wait for their next social security check. You might be stressed out by your bills and past due notices that continue to pile up. It is easy to feel lost in this situation. It is easy to feel frustrated because you’re not in control. At this point in time, you just need enough cash to tide you over until the next financial aid loan disbursement check, your next paycheck, or your next social security check. Unfortunately, your friends might not open their wallets too freely and your relatives might be going through their own tough times. Going to a bank might not be an option due to the huge amount of paperwork and collateral they need. Thankfully, you can get quick and easy cash loans from the comfort of your own home.
Need cash to tide you over? Secure cash today
If you need money quickly, you should resist the temptation posed by loan agencies. These agencies may offer you relief from all your financial problems, but you end up paying a very steep price for such ‘help.’ First of all, these lenders charge very high interest rates. If that isn’t bad enough, if you are unfortunate enough to miss a payment with them, they hit you with high fees which add to your overall debt load. Eventually, you may find yourself in worse shape financially after borrowing through these companies. Your best option would be to secure borrowing directly.
The following options are available:
Non-profit loans – these are micro borrowings ranging from 100 to 500 AUD aimed primarily at helping you pay monthly bills without saddling you with huge interest rates.
Concession cards – these help you pay off monthly expenses and have friendlier terms than the standard bank loan. You are provided with small cash amounts which are very easy to manage and repay.
Step up Loan – this package is especially created for low-income individuals. These money help with your monthly household expenses. Since these are small, they are easy to pay off.
Finally get that peace of mind you’ve been wanting all this time. Relief is on the way!
This really depends on your situation, as the regulations state that Small amount credit contracts are not be offered to someone who receives at least 50% of their gross income as payments under the Social Security Act 1991 and the repayments would exceed 20% of the consumers gross income.
So if you have other income, you might be eligible.
No, unfortunately we are unable to lend to the unemployed.
The Government MoneySmart Website is worth a look