We’re continuing to research Rapid Finance for consumers. The Debt Free Community continues to examine the dangerous game of the short-term money market in Australia.
Rapid Finance provides all types of loans including payday finance and in this review, we’re going to tell you why this type of loan is a bad idea.
Because what you really want to know is: Am I getting the best deal possible?
In most cases, you actually aren’t. We’re here to tell you that you find the solution to your problems at the very bottom of this guide. Let’s get into it!
Rapid Finance Review
The promise with a lot of these guys is instant cash finance. But there’s a catch that you’re probably completely missing here.
It’s the sky-high interest rates you’ll be charged, often as high as 30%.
Now luckily, Rapid Finance also provides a range of other financing options at significantly more attractive rates. This includes their home and car finance plus personal loans.
With the personal loans, it’s probably going to take a few days for you to get approved and for the funds to be transferred. It’s a small price to pay when you consider the cost of traditional payday loans.
In our opinion, Rapid Finance reviews are quite genuine showing the degree of customer service and attractive loan rates. Unfortunately, not everyone was happy.
The thing is: They can’t guarantee that you’ll be approved. It’s always based on several factors including your credit report and any red marks you might have.
Dealing with financial challenges
Some people keep taking out finance each and every year, only to slide backwards in life.
It’s a bad cycle to be in with no clear exit strategy in place. So many people eventually declare bankruptcy.
Maybe you know someone like this who got themselves in hot water. Maybe you’re one of those people.
Are debt collectors calling you? Or are you starting to miss some repayments on bills? If yes – you should probably get in touch with us right now.
What we can do is recommend our mediation service. They will speak to those bill collectors on your behalf so you don’t have to go through the stress yourself.
Because after all, you just want to get on with your life and not deal with these worries and struggles. Let someone else (like ourselves) sort that out for you.
Rapid Finance debt collection
Have you been contacted by debt collectors on behalf of Rapid Finance? You probably got a text message that says “Please contact us immediately regarding an urgent personal matter” – it’s an official warning from them.
Their collection agency has seen that you’ve ignored their attempts to recover the debts owed and now it’s with their collections agency. It’s a difficult time for most people.
Luckily – we’d love to help talk to them on your behalf.
In summary
Rapid Finance is one of the best Australian companies out there. While they can’t approve everyone, they clearly do the best that they can.
We wouldn’t recommend their payday lending services and they don’t really offer this much. After all, they want their customers to get an awesome deal.
If you’re having some challenges right now, then please contact the National Debt Helpline or us right here at The Debt Free Community so you can start rebuilding from a rough past.
