Responsive Lending was on 1116 SEN today to announce that from now until the end of the financial year they will be donating half of all profits to charity.
We understand that for many businesses and individuals this is a trying time and we wanted to do our bit to help the community.
We invite any businesses or groups that are able to do so to also consider pledging to help those who are less fortunate at this time. You can submit a pledge at :
We would like to reinforce during this time that Responsive Lending is still open for business and are taking all possible preacutions to ensure the safety of both our customers and staff.
One of the most common questions we get asked as a company is "with my bad credit, what is the interest rate on a loan going to be" ? In this guide I'll have a crack at answering that question!
If you're wondering if you have any bad credit, you can request a copy of your credit file from Equifax. Provided you meet their criteria, you can get a copy of your credit report for free every 12 months.
As a finance broker, our job is to shop around for the best outcome for your situation. Part of this process is looking at your credit profile and choosing an appropriate lender.
"Bad credit car loan interest rates start at 10% and can go right up to 29.95% depending on which lender we can use."
The things that influence the rates for bad credit car loans are:
Bad credit car loan interest rates start at 10% and can go right up to 29.95% depending on which lender we can use.
There's a couple of things that you can do to help us negotiate a better rate with our lenders. These include:
Unfortunately, the diversity of interest rates for bad credit loans on offer mean that we need to conduct an assessment before we can estimate the rate. As part of our process we will give you an indicative quote based on our findings after we conduct our initial assessment.
While this initial assessment is not always accurate, it will at least provide you with a guide.
Please note: Responsive Lending will not charge you if you choose to withdraw after receiving the initial quote.
When you're ready to apply, please follow this link to check out our Bad Credit Car Loan page.