Top Reasons To Use The Same Payday Loan Provider For Future Loans

When you apply for a payday loan for the first time with a new provider, you’ll need your most recent bank statements and your ID to prove you can afford the loan. If everything goes well and you make your repayments exactly as planned, you could develop a beneficial relationship with that vendor that can prove very helpful in future. In this article, we’ll be taking a look at the best advantages to staying with the same loan provider whenever you need a fast cash loan to get you through the month. Let’s start with:

Faster approval

At Cigno Loans, payday loans are our main focus. Our aim is to help you find the perfect short-term loan for your situation. If you’ve borrowed from us before successfully, we’ll be far more confident in helping you secure a loan in future. Come back to us for a second loan and the process will be even faster than it was for your first. We understand that speed is a crucial factor when cash is tight, so we fully appreciate how much difference it can make to offer a payout that’s as fast as possible.   

Familiar notification service

When you’re busy and flustered, it can be hard to remember little details and specific dates. Which is why we offer a range of handy notifications to remind you of the most vital stages of your loan. Different loan companies will have different approaches. At Cigno, we like to keep you well informed with texts to your phone. Most people love this idea as it gives them a little extra reminder to help ensure they don’t miss any payments.

If you get another loan from a different company, you might find they don’t keep you up to date as regularly, or they don’t contact you at all. These little features might seem trivial, but a lot of people look for consistency and like to stick with processes that are familiar.      

All of your history is kept on record in one account

It can be a great help to keep all of your loan information safely stored within one account. Whenever you want to look at past loans or check any account details, it’s all in one place. If you have multiple accounts with a range of websites, looking through your history becomes a bit more of a challenge.  

The main reason to take a payday loan is if you’re running low on cash and need a quick injection of money to get through to your next payment from work. If you’re out of work, we may be able to offer you loan that fits in line with your welfare payments. A short-term loan is a means to solve a money issue as well as prove you can borrow money responsibly. If you ever need to study or display your loan record for any reason, it’ll be much easier to do so if your entire loan history is accessible in one place.  

Potential access to larger amounts

We offer loans up to $1000 dollars to first time applicants. The only way we can offer more is if we’ve worked with you before and have seen that you’re perfectly capable of paying us back. There’s no better way to prove your capability with credit than by borrowing and making repayments exactly as agreed. This also plays a big part in restoring your credit rating to greater levels.  

Those that have dealt with us on numerous occasions successfully in the past are welcome to contact us about higher amounts. You never know when you might need access to larger sums of money for future emergencies, so building an account that allows you higher loan amounts can prove highly beneficial.

Those are the top reasons to use the same payday loan company for your future short-term loans. If you prioritise saving a few cents, looking around for other options may be suitable for you. But if you think consistency, greater convenience and building a strong account is more important, it’s worth doing your research to pick the right company from the start and sticking with them.

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Read more about bad payday loans here, or in our previous blog post: Why No Fuss Payday loans Are Rising In Popularity

Disclaimer: Please be aware that Cigno Loans’ articles do not replace advice from an accountant or financial advisor. All information provided is intended to be used as a guide only, as it does not take into account your personal financial situation or needs. If you require assistance, it is recommended that you consult a licensed financial or tax advisor.


Ordered by the Federal Court of Australia

The Federal Court of Australia has found that Cigno Australia Pty Ltd (Cigno Australia) and BSF Solutions Pty Ltd (BSF Solutions) have breached the law by engaging in unlicensed credit activity and charging prohibited fees.

In the period from July 2022 to 3 October 2023, over 100,000 consumers have been lent a total of $34 million, and charged fees of over $70 million, under the ‘No Upfront Charge Loan Model’ operated by BSF Solutions and Cigno Australia. At no time has either BSF Solutions or Cigno Australia held an Australian Credit Licence.

The Court also found that Mark Swanepoel (director of Cigno Australia) and Brenton James Harrison (director of BSF Solutions) were involved in these breaches of the law.

With effect from 24 May 2024, the Court has granted permanent injunctions preventing Cigno Australia and BSF Solutions from:

  • demanding, receiving or accepting fees or charges, including amounts of loan principal, from consumers in relation to credit provided under the ‘No Upfront Charge Model’; and
  • engaging in further credit activity pursuant to the ‘No Upfront Charge Loan Model’, including by entering into new agreements with consumers, for so long as they do not hold an Australian Credit Licence.

Cigno Australia was ordered by the Court to, by 5th July 2024, send written communications to consumers who between July 2022 and December 2022 entered into agreements with Cigno Australia and BSF Solutions under the ‘No Upfront Charge Loan Model’.

The Court will later determine whether (among other things) Cigno Australia and Mark Swanepoel ought to pay a pecuniary penalty in respect of this conduct, and whether Mark Swanepoel should be restrained from carrying on a business engaging in credit activity.

Cigno Australia, BSF Solutions, Mr Swanepoel and Mr Harrison intend to appeal the decision of the Court and have filed an application for leave to appeal. If the appeal is successful, some or all of the orders of the Federal Court of Australia may be set aside.

Where can you get more information?

Where to go for further support

You can access legal advice in your state at: Free legal advice –

If you are experiencing trouble with debt, or money worries in general, contact:

  • the National Debt Helpline on 1800 007 007 or online chat (9:30am to 4.30pm, Monday to Friday).

If you need someone to talk to, contact:

  • Lifeline on 13 11 14 (24 hours) or their crisis support online chat or
  • Beyond Blue on 1300 22 46 36 (24 hours) or their webchat