Information Hub
Useful information and news from the breezy loans team
Loan Rejection: Why Your Loan Was Declined
Loan rejection is disappointing and discouraging. To many people, it feels like a personal insult. Apart from a fact that rejection simply feels awful, people rarely apply for a loan on a whim, they take a loan because they need it. If taking a loan is the only way you can think of to obtain …
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How to Get a Personal Loan with a Credit Score 550 or Less
Getting a personal loan with a credit score 550 or less is not easy but it is not impossible if you understand how lending works. It will take some work, but it can be done. The necessary steps involve checking your credit history, reviewing your credit report for errors, improving your credit score, catching up …
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7 Common Personal Loan Myths
There are many common myths and misconceptions about taking a personal loan. Unless you understand how lending works, you can make a bad decision and choose the wrong lender or the wrong option. You may consider word-of-mouth and personal opinion of people you trust. If you hear that everyone recommends the services of a particular …
What’s the Difference Between Payday Loans and Personal Loans?
If you ever enquired about a loan and tried to compare different options to see which one is right for you, you know that it may be confusing. If you compare payday loans and personal loans you will find many similarities. The eligibility terms, loan amount, repayment terms – they may all sound quite similar. …
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Why Lenders Check Credit Scores While Processing a Loan Application?
Use of Credit Score If you have ever borrowed money from a lender, or considered borrowing money, chancesare you have heard about credit scores. Whether you are buying your next home, a new computer or a car – you may need a loan. Credit scores may also be used by mobile phones, electricity, gas or …
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Are Payday Loans Still Popular Among Borrowers?
What is a Payday Loan Small amount credit contracts (SACCs) are often referred to as payday loans, which is a high-cost loan, between $300 to $2,000, that must be repaid between 16 days and 1 year. These loans are designed to be paid back as soon as you get your next payday. The Australian payday …
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