Unemployed people who also have a low credit score may find that their borrowing options are even more limited. Most Australian banks will require personal loan applicants to have a score of over 700. If your rating is lower than 700 a bank may consider this to be a “bad credit score” and deny your application as you are deemed too high risk.At City Finance, we don’t want unemployed people to feel like they aren’t able to borrow money. We’ve approved hundreds of applications for people who are unemployed and have bad credit ratings. If you’re unemployed and/or have a bad credit history and are in need of a quick cash loan, get in touch with our friendly team to see if you’re eligible. If so, you could receive the money in your bank account the very same day.