To get a personal loan with a poor credit score is not impossible, but it is also not easy.  If you have had some problems in the past with credit, depending on how long ago, you may be able to go to a loan company and explain your situation.  If it has been a while since you defaulted on a loan or other credit, explain how you have changed your life, maybe with a new career or a new business.  Most banks will not approve you for an unsecured loan if you have a poor credit score.  They may consider personal loans for poor credit applicants if you have a co-signor with a great credit score.  

One of the personal loan companies may be a better place to look if you have poor credit.  There are several of them around. Before applying, ask them what the chances are of you getting a loan.  Again, explain your situation and how it has changed.  If they feel that you will likely get a loan, then apply.  Don’t apply at a lot of different companies though.  This will reflect an even worse credit score.  

There are credit card companies that issue credit cards to people with low credit scores.  If nothing else works, personal loans for poor credit score applicants may be taken from the available cash on these credit cards.  You are not likely to get a large credit limit on these cards, and they have very high fees also.  Some of them may give you a credit limit of $200 to $300, with the ability to borrow cash of 50% of the amount.  This doesn’t give a lot of money but it may help in the short term.  If you pay your monthly bill on time for a period of months, these companies will sometimes increase your credit limit.

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