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 money.

Your income, and possibly your bills, will determine how much the loan will be for. The size of the loan will determine how long you have to repay it. Take these facts into account as you plan out the loan you want and figure a way to repay it.

Once you can prove that you have employment, getting approved for the loan is usually a quick process. In most cases, you will be approved in minutes, and have your money in as little as 24 hours. You should not have to wait for a credit check to clear, though. The process is fast and usually takes place online.

Most short-term lenders operate online nowadays, so they are easy to find and easy to compare prices between. You can find the loan you want with a rate you would be agreeable to with a little looking.

You no longer have to be limited to the banks and their harsh policies regarding lending. If that is what has held you back from getting the money you need, then you don’t have to keep waiting. There are tons of lenders out there who are ready and willing to approve loan applications from you. You may even be able to specify how much you want to borrow and how long you would like to take to pay it back. The rates won’t be up to you, but with some looking you can find individualized loans that meet all your other specifications.