If you feel like applying for a loan would only end in disappointment for you, then you may not know what all your options are. There is more to the lending market than just banks and other major financial institutions. In fact, there are tons of smaller companies that are willing to take a chance on the little guy despite their credit score or borrowing history.
What you may not realize is that your credit history may not even be a factor when determining if you are eligible for a loan. Many lenders won’t even look at your credit score, instead opting for a more current assessment of your financial situation. They will examine your income and maybe even your bills to assess whether you are suitable for borrowing money from them. They won’t lend to just anyone, but they may lend to you, if you meet their minimum requirements.
If you have been turned down in the past for a loan or you think that you would have trouble getting a loan based on your financial situation or your credit score, then a short-term lender may be right for you.
These lenders are less likely to toss out your application for a loan and more likely to say yes to anyone who applies. So long as you can show that you have steady employment (your pay stub usually works for this), then you should be accepted for at least some kind of loan. It may not be for as much money as you are hoping for, but you should be able to get some