When you have a bad credit, you should realize that getting loans would be a difficult task. This is because, for a lender, a poor credit score means you are a high-risk customer for the lenders. Lenders who lend money to customers with poor credit scores tend to have very strict loan terms and standards.

Visiting a Credit Union: A credit Union affiliated with your company or your community is one of the best options for people with bad credits. They tend to look beyond the credit score and look at your character and the ability to pay. Smaller credit unions have merged with larger ones who are actively looking for borrowers.

Borrow from Friends and Family: It is better to borrow from a friend or family on short-term loans. However, non-payment of loans can poison the relationship. Even if it is a family, it is best to formalize the loan with fixed interest rates with proper documentation to avoid problems in the future.

Getting a Co-Signer: Even if you are unable to get a loan from friends and family, then you can use them as a co-signer for your loans. This will work if they have a good credit score. It is essential to understand that the co-signer is liable to pay if the debt isn’t paid by you and that it will affect both co-signers credit scores.

Use your Home Equity: Home Equity Line of Credit(HELOC) is the difference between the value of the house if it is sold and the mortgage amount of the house. Unlike home equity, HELOC is a credit account. You can use the credit account for your expenditures and payback on a predetermined schedule.

Peer to Peer Lending: These are websites which are an aggregator between lenders and borrowers. These are individual lenders, so they take leeway on credit scores.

Online Personal Loans: These companies work online and offer competitive loan and credit cards.

Secured Loans: The last attempt is to get secured loans by attaching your assets like a house or a car with the risk of forfeiture.