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.

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.