Credit problems? personal loans might help you meet your financial obligations. If you have a poor credit history, you may find it difficult to obtain a personal loan. Bad Credit Personal Loans Australia can be caused by bankruptcy, country court judgments, closure, defaults, arrears, and other factors. Personal loans for those with bad credit have a higher interest rate. Being a person with bad credit is no longer such a big deal, as lenders and financial organisations have realised that negative credit customers cannot be avoided. Because bad credit has become such a frequent concern in recent years, no lender or bank will accept a bad credit customer access to any financial product or service.