Pages Menu
Categories Menu

5 Awesome Ways To Get A Personal Loan With Bad Credit

There comes a time in everyone’s life where money is tight. Money problems are an occupational hazard of life, and all you can do is try and find the light at the end of the tunnel.

The problem for some people, though, is that there isn’t a light as they have bad credit. When you have bad credit, the conventional methods of finance are cut off and you need to find alternatives.

Otherwise, your situation can spiral out of control and suffocate under the pressure of your debt.

Luckily, there are ways of securing finances even if you have bad credit.


1. Apply For A Credit Card

How much money do you need?

If the amount is medium to small, a credit card is a great way to put cash in your back pocket. Obviously, credit cards are not something to trifle with, so you need to keep on top of the monthly payments. But, if you can pay back the minimum each month, you can keep all of your debt in check. And, by using them to pay off your existing debt, you can kill two birds with one stone.

The best thing about credit cards is that you don’t need stellar finances. As long as you can show you can pay back the money, you are golden.




2. Try The Credit Union

What is a credit union? A credit union is a small organization that can sanction small loans much like a bank.

However, unlike banks, they don’t charge ridiculous rates of interest to make their money back. Instead, they offer reasonable rates so that you can afford to take out a loan and they can make a tidy profit. And, because they are not soulless, they will try and help regardless of your financial situation.

Credit unions are flexible and friendly, and they are a great alternative if you need a small loan to get you to payday.


3. Get A FHA Loan

Again, what is an FHA loan? FHA stands for Federal Housing Administration loan and has government approval.

On the whole, it is a home that allows lower income families to afford to make purchases that they couldn’t normally make. However, there are stipulations. FHA loan requirements stipulate that you need a credit score of up to 520. Plus, you have to pay a premium of up to 1.75% of the base loan.

However, this payment can be factored into the overall loan to make it easier to pay. If you want to find out more about FHA loans, follow the link above.




4. Ask Family Or Friends

The final option is to ask a family member or a friend for a loan. To be honest, this is the best option because you don’t have to incur interest on the loan.

That gives you a lot more flexibility to pay back the loan and keep your finances in order. Still, it is important to note that loans like this can come in between the best of friends. So, be careful and respectful.

Thinks  Dollar



See, you don’t need to have an amazing credit score to get out of trouble!



  1. Thoroughly consider each option and do research before going through with any loan. You want to pick the best option for you and your situation, so there are no regrets.

Post a Reply

Your email address will not be published. Required fields are marked *

CommentLuv badge