Need a Loan? Think you might have Bad Credit in New Zealand?

Looking for loans, when you think you might have bad credit in New Zealand, can be a daunting task. You are met with a lot of resistance, barriers, and restrictions that make getting a loan seem difficult. The fact that you are often treated as a number rather than a person makes the process even worse. After all, you are not just your credit score!

At Save My Bacon, we can’t guarantee that we’ll say yes to your loan application, but there are some things we can promise.

Firstly, we help people who think they might have bad credit, understand their full financial profile and if a loan will be affordable for them. If you are a financially responsible Kiwi, it may be possible to obtain loans in NZ even if you think you might have bad credit. If a loan is not affordable for you, there are other places you can turn to for financial help. Check out our important borrower info page for more details on what to do if you think you have long term debts or are experiencing financial difficulty.

Secondly, when we assess loan applications, we take credit scores into account, but we look at a range of other things to help us make a decision. We look at credit history like all responsible lenders should, but, going beyond the credit score, we also look at your full financial profile. This means that a lower credit score and/or limited credit history won’t necessarily prevent financially responsible applicants from taking out a Save My Bacon loan. 

Our goal is to make a decision not based solely on your credit score, but instead on whether we believe you are a financially responsible person. And, let’s face it, there are a lot of people in the country who are financially responsible, but for one reason or another, think they might have bad credit or a low credit score.

So, there are loans available for those who think they might have bad credit in New Zealand. Apply for one of our loans today and see if we can help you!

Building your credit profile with SMB

A Save My Bacon loan can help improve your credit score! We are partnered with Kiwi credit-bureau – Equifax so that your loan repayments can positively contribute towards your credit score. 96% of data we have reported to the credit-bureaus has positively contributed to our customers’ scores.

We offer Save My Bacon credit building loans to help you get back on the right credit track. We’ll work with you to build up your repayment history with SMB, so that you can keep on track with repayments and show you are a responsible borrower.

If you are a financially responsible Kiwi and think you might have a bad credit score, we do not want this to prevent you from applying, however your loan repayments must be affordable.

Think you might have Bad Credit in NZ?

If you think you might have bad credit and are short on funds, you might find yourself searching the web for ‘Bad credit loans in NZ, quick cash loans, payday loans, short-term loans’ and end up being rejected by multiple lenders due to their limited criteria. Keep things simple and see if you qualify for a Save My Bacon loan first, we will not turn you away just because you think you might have a bad credit score. We work with you, responsible borrowers, to ensure your loan is affordable… you can trust us!

 We factor in your income, expenses, and all financial commitments (including our repayment) to determine whether you’ll still be left with enough surplus/spare cash so that everything will be manageable and stress free for you.

We make things simple here at Save My Bacon:

  • We offer loans with fast approval and decision making that may be suitable for you even if you think you might have bad credit (loan applications are assessed according to our strict affordability criteria).
  • We offer two, easy to understand loan products based on the amount of money you need to borrow and the duration of the loan.
  • We publish our eligibility criteria, so it is clear and easy to understand. Check out our 'Do I Qualify' page. 
  • We provide information and guidance on how we assess loan applications.

 

Why Choose Us if You Are Looking for Loans in NZ and think you might have Bad Credit history

  • We specialise in quick loans for financially responsible Kiwis and can help those of you who think you might have bad credit. We offer an online application process, fast decision-making, fast payments on approved applications, and fair terms (loan applications are assessed according to our strict affordability criteria).
  • The application process only takes a few minutes, and you can even complete it on your mobile!
  • We take various factors into account when assessing your application, including your credit score as well as your full financial profile. Our goal is to look past the numbers in your credit report to understand who you really are. We want to help all financially responsible Kiwis.
  • You can use your loan with us to help improve your credit score as we are partnered with Kiwi credit-bureau Equifax.
  • Loans are available for periods of one week to a year, with loan amounts between $300 and $5,000. Our loans have a fixed annual interest rate (AIR) of 49.95%. For a full breakdown of our interest and fees, check out our Interest and Fees page.
  • There are no additional fees if you decide to repay your loan early.
  • Our friendly Customer Team are here to help, you can trust us, please contact us if you have any questions at all about a Save My Bacon loan.



We’re here to answer any questions you have. Call us FREE on 0800 272836 to speak to us or send us an email at loans@savemybacon.co.nz.

We may have the responsible solution even if you think you might have ‘bad credit’ in NZ. Apply today!



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