Responsible Lending

Responsible Lending

Before obtaining a payday loan, you should consider whether a payday loan is a sensible choice that meets your particular financial needs and situation.

Why do people use payday loans?

When faced with an emergency shortage of funds due to an unexpected bill or repair, a payday loan can be a good solution. For example, it can be less expensive to use a payday loan to pay a late telephone or other bill to avoid a reconnection charge, or to cover a cheque you have written to avoid a dishonour fee charge from your bank.

Proper use of payday loans

Payday loans are meant for occasional and unusual use only. Payday loans are not meant to be used continuously, or as long-term loans. If you find yourself using payday loans on a frequent basis, you should consider using other sources of financing, or else consulting a non-profit credit counsellor.

Our responsible lending criteria

Bad Credit Cash Loans is here to help you when you need it the most; we follow responsible lending criteria for your benefit. While a cash loan can bring a sigh of relief for some, receiving one for the wrong reasons or failing to repay it can become a major burden.


Our responsible lending criteria is in place to help ensure you have the ability to repay the loan as it is due.

  • We will not lend unless you are currently employed. If you do not have a regular income we are unable to assist.
  • Your pay must be deposited into a bank account that has been opened for a minimum of three months.
  • The amount we will lend is based on your income. We do not want you to borrow more than you can afford.
  • We encourage all our clients to always plan their budgets prior to signing and returning the loan contract and disclosure statement. For this purpose, please use one of the following websites:
  • We are required to see your ID, bank statements and proof of address prior to your loan being approved.
  • If you select to have a credit check, the interest rate on your first bad credit loan will be  reduced.
  • Early repayments are encouraged and will save you money as interest on bad credit loans is calculated weekly.
  • We encourage bad credit loans to be used only in cash loan emergencies, while we welcome your return, bad credit cash loans are only a short term cash solution.
  • There may be alternatives you should consider other than cash payday loans e.g. family, friends, employer, credit card advance etc. Only you can decide if the cost of a bad credit cash loan is worth it to solve today's problem.

Understand the terms of your loan

You should read your loan agreement in full and be sure you understand all the costs and terms of the loan. If you have any questions, ask us promptly. Ensure you receive a copy of each document you have signed. We are a responsible lender and believe in transparency – we will disclose all costs and fees to you, and provide you with a copy of your documents.
You should know when your payday loan is due, and make sure you have enough funds in your account on the due date so you do not incur any dishonour and or collection fees and additional interest charges. If your loan goes into default, you should contact us ASAP to work out a repayment arrangement. We are committed to collecting your past due loans in a professional, fair and lawful manner.

Other options

You should evaluate your financial situation to determine if a payday loan is a good choice for you. If you feel you are using a payday loan too often, consider other borrowing options such as asking a friend, employer, or family member for a small loan. You might also consider obtaining an overdraft, or a line of credit, or consolidating your debt at your bank.

Help is available

If you find your monthly bills are often exceeding your monthly income, if credit and collection agencies are calling constantly, or if debt stress is making it difficult to cope with everyday life, these are all signs that debt has become a problem. It is always better to recognize a problem and try to deal with it than to let it build into a larger problem. A credit-counselling agency can help you in this situation.

Some sites that maybe helpful include:

www.sorted.org.nz
www.capnz.org
www.cab.org.nz
www.comcom.govt.nz
www.consumeraffairs.govt.nz

New Zealand Government registered financial service provider.

Bad Credit Cash Loans is a trading division of Cash Burst Limited. Cash Burst Limited is 100% New Zealand owned, operated and supports the New Zealand Government's requirement that financial service providers register with the Ministry of Economic Development in order to conduct business.

Cash Burst Limited is registered. It's registration number FSP46121.

The governing legislation is the Financial Service Providers (Registration and Dispute Resolution) Act 2008. Only registered entities like Cash Burst Limited can operate in New Zealand.

You will have access to the electronic register of financial service providers which will help you to be comfortable that Cash Burst Limited has passed the Government requirements for registration.

You will be confident that the directors, senior managers and controlling owners of Chave all been screened by Police checks and passed.

The Act ensures registered companies comply with all international obligations to revent money laundering and the financing of terrorism.