If you are looking for a personal loan but have bad credit there are not too many options available to you.  You certainly can not go the traditional route of asking a bank to loan you the money due to your bad credit.  If you are looking for a loan with bad credit then you are going to have be creative in the way you receive a personal loan.

Here is a list of ten ways that you can receive a personal loan with bad credit.

1.Cash Advance:  You can use your credit cards to receive a cash advance or fill out a cash advance form online.  There are numerous companies that offer anywhere up to $1500 via a cash advance.

2.Find a cosigner: If you are having trouble securing a loan having someone with good credit co-sign might be the answer to your problems.

3.Borrow against someone else’s assets:  If you have bad credit and no assets from which to borrow against you can ask a family member or friend to borrow against theirs for a quick loan.

4.Retirement plans: If you have a 401K or other retirement plan it is possible to take a personal loan from that account.  Just be aware that there are certain tax implications when you do this.

5.Savings Account:  Many people forget about tapping into their savings account when they are strapped for cash.  You could easily take a small loan from yourself through your savings account.

6.Stocks: Another easy way to get some quick cash is to sell any stocks that you might own.  While you are giving up your chance of making more money on your investment you will be able to get some quick cash from selling your stocks.

7.Personal Loan: You could approach a friend or family member about taking a personal loan from them.  You could even draw up a contract where you would pay them back with interest.

8.Borrow against your Insurance policy: Certain insurance policies will allow you to borrow money against them make for a great way to get a personal loan with bad credit.

9.Small Business Loans: If you looking for a loan to start a business you could look into the government agency to see if they will give you a loan.

10.Business Owner:  If you are or know of a business owner it might be much easier to get a loan that way.  Banks are much more lenient when it comes to lending to businesses especially if that business has good credit.

As you can see if you do have bad credit all is not lost when it comes to finding a personal loan.  You will just have to be creative when looking for that loan.  If you stay persistent there are certainly ways that you can get your hands on some extra cash.

Moe Bedard
My name is Maurice "Moe" Bedard. I am the founder of America's #1 Mortgage Forum, LoanSafe.org. My online work has been featured in the New York Times, LA Times, Fox Business, and many other media publications.