Are you one of the many that has bad credit? Do you need a personal loan to help
you through a rough time or for another reason? There are options for personal loans and bad credit. You just need to know where to look and how to approach the situation.
First, you need to avoid your bank unless you have a good amount of collateral. They will be able to do very little for you and will most likely turn you down. However, if you have a credit union or a smaller bank, then they may be willing to lend you some money with a paid off vehicle or home to work with.
Second, you can use Prosper online to help you find a loan. They will match you up with private individuals that you can use to get the money you need. They lend up to $25,000 to individuals of all types of credit and you can use this service to find your loan. This is a great way to get a loan because you are given a chance to explain your situation and you do not have to rely on your credit completely.
Last, you can always get a payday loan or cash advance and this is the easiest of the personal loans and bad credit to get. You can get between $100 and $1,500 in a hurry and you can use it to help you through an emergency. However, you need to know that this is a short term loan and will need to be paid back somewhat quickly.