What is a Second Chance Loan?
Second Chance Loans are special loans geared towards borrowers previously rejected due to poor credit scores. At Cigno we understand that bad things can happen to good people and that everyone should be given a second chance. A 2nd chance loan can be issued in the belief that not all borrowers with poor credit histories are fully incapable of repayments but must be assisted to repay the loan under the agreed terms.
Why I Might Need a 2nd Chance Loan
Second chance payday loans can be used to cover some important needs, including:
- Payment of bills or emergency expenses
- Medical or vet bills
- Or just to tide you over until payday
Second Chance Loans with Bad Credit
Bad credit histories are often a major reason why lenders shoot down loan applications. However, loan applications sent to a lender via Cigno can temporarily overlook any credit history issues and the money can be furnished to the borrower quickly – but they will be guided on repaying the loan.
Second Chance Loans Guaranteed Approval
If you’re able to provide enough proof that you have relevant income streams that can help you repay the loan, your bad credit score won’t be as significant. While we cannot guarantee all loans will be approved, we can promise we will look at your application no matter what your credit history and if we cannot approve a loan for you, we will endeavor to find a lender who will. Remember everyone deserves a second go.
Why Cigno?
A company such as Cigno will help you move forward with your 2nd chance finance application, and there’s some distinct advantages:
Extensive lender links – Cigno will be able to connect you with a wide variety of lenders.
High approval rates – Second Chance Loans will have guaranteed approval, no questions asked.
Smooth application – Cigno offers a smooth online application process.
Rapid transfer of funds – Upon approval of your loan, the lender will quickly transfer the funds to your bank account in no time at all.
Borrowing Responsibly
Although you might be allowed to take out a 2nd chance loan, it is also a second chance for you to properly manage the funds per your original plans for the loan. Cigno will help you stay on track by:
- Aligning your repayments with your pay cycle
- Matching repayments to your financial capacity
- Sending a repayment reminder on payday
- Direct debit from your account on payday
- Keeping you informed of any additional costs with no hidden fees or agendas.
Remember that you should only apply for a loan when you are 100% confident you can manage it responsibly. For more information, check out our commitment to Borrowing Responsibly.
How Much Can I Borrow?
Are there any requirements?
We usually need your personal details, such as contact details, address, and a recent 90-day bank statement. On rare occasions when we need more information, we will notify you and work with you to get the loan application completed as quickly as possible. Rest assured that we only ask for the information we need and keep all your data safe and secure.
Are there any fees involved?
Cigno will provide you with all relevant information regarding fees and any lender costs When you make your loan application. You can also read about these in advance on the Costs page.
