Do Australian lenders provide cash loans for Centrelink customers with bad credit? Yes, Centrelink payment recipients can apply for personal loans through Pocket Cash regardless of their credit rating. Pocket cash partners with lenders that accept permanent benefits as a regular source of income. Not only this, but we work with lenders who can look past your credit score when assessing your application for a loan.

Centrelink benefits

Centrelink payments by the Australian government provide financial assistance to permanent residents in the country to become self-sufficient. These benefits include different types of income support programs for:

• parents meet the cost of raising children
• participants in Community Development Employment Projects
• those suffering from a disability
• carers
• people looking for jobs
• parents to provide good care of children
• those living in remote areas
• seniors
• widows
• those above 16 but less than 17 and studying full time
• those less than 22 years and looking for a job
• those less than 25 and a student
• Australian apprentice

With the exemption of a few temporary benefits, Pocket Cash partners with lenders that count Centrelink payments as a regular income. Whether you’ve got poor credit or receive government benefits, Pocket Cash is committed to finding you a lender that can provide with the cash you need. They are willing to provide cash loans for Centrelink customers with bad credit as long as you satisfy their eligibility for these cash loans.

Can I get a loan on Centrelink?

You can either apply for a Centrelink cash advance or personal loans based on these payments. It is preferred consistent Centrelink payments for the last 90 days or more. However, it is not mandatory. Apply on Pocket Cash online lender finding platform and get offers from lenders ready to give loans to Centrelink recipients.
Pocket cash can match you with a lender that considers Centrelink payments as a regular income. This includes:

• Age pension for retirees with or without a supplemental or no job;
• Carer benefits for people looking after dependent persons;
• Disability pensions;
• Parenting payments to parents of a child;
• Farm Household benefits to farmers and;
• Widow pensions.

For people receiving temporary benefits, such as Newstart and Youth Allowance, most lenders won’t be able to offer a personal loan. Since these run the risk of being stopped anytime, lenders fear giving loans to those receiving temporary payments that may lead to bad debt.

Can I get cash loans for Centrelink customers with bad credit?

Unlike traditional lenders like banks or credit unions, Pocket cash can find lenders willing to provide bad credit loans. Instead of assessing your application solely on the basis of a credit check, we can match you with a lender willing to look past your less than perfect credit score. So stop worrying and get the loan you deserve!

We don’t believe you should be punished for a mistake you made up to 7 years ago. Therefore, we partner with lenders that look at the big picture. If you’ve been responsible with money recently and been making timely repayments, you will be looked favourably on by many lenders.Their primary concern is your to repay the loan. As long as you are in a position to repay the loan, your credit history does not hold too much significance for them.

What loans can Centrelink customers get?

Centrelink recipients have multiple options to borrow money. Here are four types of finance that Centrelink customers with bad credit can access.

• Centrelink advance payment: Recipients may apply for an advance payment from Centrelink in the form of a lump sum amount. It is to be repaid from the payments they will get over the next few months.
• Personal loans: Apply for a personal loan through Pocket Cash’s lender finding service and get cash in your account quickly! With 100% online application and loan processing, it offers faster credit services than conventional lenders. Some lenders can even provide an outcome in as 60-minutes if you apply during business hours. It also saves you from researching and applying for multiple lenders.
• Payday loan: Your Centrelink payment is a type of income and you can get very short-term payday loans against it. However, such loans are just a part of what you receive as your payment and the rate of interest is higher than any other loan.
• Loans with collateral: You may pledge your car or any other asset as security and get a loan. Borrowers can repay the loan as instalments from their Centrelink payments.

Is getting a personal loan a good idea?

For some people, definitely. However, It does depend on your financial and personal circumstances. In general, they are safe and quick, which is perfect for anyone in desperate need of urgent or emergency cash.

The biggest advantage of a personal loan is its personal nature. You can use the cash received in your account for any “personal need” without too many limitations. There is no specific purpose linked to it at the time of loan disbursal. From medical expenses to holiday cost, you can spend the money as you wish. Even if lenders ask you the reason for the loan, they cannot dictate you on its utilization.

Can Pocket Cash find me a bad credit loan?

Are you looking for personal finance but bad credit is holding you back? Pocket Cash is certainly there to help you. Lenders registered with us have a prior record of providing bad credit cash loans to borrowers. This indicates you have a better chance to get a loan even if your credit rating is not great.

If you are receiving Centrelink payments, you also have an excellent option to apply for a personal loan at Pocket Cash regardless of your credit history. Our lenders are open to providing cash loans for Centrelink customers with bad credit.

Lenders have evolved with economic changes and introduced loan products befitting consumer behaviour. Many of them make it a point to check the credit rating of applicants. However, with Centrelink payments, you have ample capacity to repay the credit line. It is also considered as a type of regular income by lenders and this capability to repay overrides any obstacle posed by a bad credit rating.

How does it work?

If you are in need of any loan, visit the Pocket Cash website. Select the loan amount, repayment duration and apply. This opens up the loan application form. It takes a few minutes to complete all the formalities associated with the request for cash loans for Centrelink customers with bad credit. Everything is online and you won’t have to provide any paper document for verification. Just share your internet banking and MyGov details to verify that you are getting regular payments in your account for more than the last 90 days. Further, this is just preferable but not mandatory.

Choose the frequency of repayment and submit your application. If you have provided all the required info, you could get an outcome in as little 60-minutes if you apply during business hours!

Since everything is online, your loan application is processed quickly and you could get cash loans for Centrelink customers with bad credit in a few hours.

What is a lender finder?

A lender finder offers to help you find the most suitable lenders based on your preferences. It saves your time and cost in searching for and applying to lenders. You connect with lenders swiftly and get cash loans for Centrelink customers with bad credit quickly.

All you have to do is fill out an application with us, provide some basic personal information, and we’ll do our best to match you to a suitable lender. Convinced? Scroll up and apply for up to $10,000 now!

Am I eligible to apply?

At Pocket Cash, we like to keep the application as simple as possible. That means we won’t ask you to jump through hoops to be eligible to apply for our lender-finding service. You just have to meet the following requirements:

• Applicants must have an active mobile phone number and email address;
• You must have internet banking set up;
• All applicants must be over the age of 18;
• You must be able to prove you’re an Australian citizen or permanent resident;
• We also prefer that you have had a regular income for the last 3-months into a personal bank account. However, it is not mandatory.

Can I get a personal loan with my benefit?

The following types of payment are only considered for cash loans for Centrelink customers with bad credit.

• Pension to seniors and retirees with or without a supplemental job;
• Allowances to carers of a dependent person or persons;
• Allowances for those looking for jobs;
• Allowances for people with disabilities;
• Payments to parents to look after their children;
• Farmer allowances;
• Payments to widowed, divorced or separated women over a set age.

The following Centrelink payments are not considered as a regular income for granting personal loans.

• ABSTUDY
• Austudy
• Youth Allowance for students
• Family Tax Benefit Part A
• Mobility Allowance

How much could I borrow?

Pocket Cash helps borrowers find lenders that provide personal loans from $2,100 to $10,000. However, cash loans for Centrelink customers with bad credit are smaller compared to normal personal loans. It is subject to the amount of money you receive as the payment every month.

Can I apply if I have bad credit?

Yes, you can apply regardless of your credit score. Gone are the days when credit score was holding back loan applications. Even though most lenders will conduct a credit check while assessing loan requests, their wider consideration of your income and expenditure pattern, means you have a higher chance of approval. Today, you have multiple options to get cash and meet emergent needs. Your loan options include:

• Bad credit loans
• Cash loans for Centrelink customers with bad credit
• Payday loans
• Income-based personal loans
• Secured personal loans

Apply with Pocket Cash today!

Looking for cash loans for Centrelink customers with bad credit? Apply through Pocket Cash now and get your cash quickly. The application process is 100% online meaning you could apply anytime, anywhere. Apply today and we could match you with a suitable lender in no time!

Pocket Cash has successfully helped many with a less than perfect credit score to get personal loans in their hour of need. We stand by all Australians in their time of financial distress and provide them a convenient way to apply for loans. Our efforts make it easy to get cash loans for Centrelink customers with bad credit without any need for paperwork. Choose us to stay safe and get loans on fair assessment.

Looking for payday loans no credit check? Pocket Cash can match you with a lender willing to give you a bad credit loan.