The possibility of getting a loan is determined by the credit score and how good your credit track record is. When you have bad credit, it will be tough for you to get a loan because the banks or other financial institutions will be worried about how they will trust and whether you are going to pay the loan. You might have bad credit but you need a loan terribly, and you intend on paying on time, but it becomes hard for them to believe you.
However, you should give up because there are other places or means by which you can still get a loan. One of these ways is through the peer to peer lending. The peer to peer is much different from the rest of the institutions in that with this one all you need is you and the lender to sign up an agreement of when to pay and with what interest. Mostly the peer to peer deal with people who are in the same business or they have a similar interest in the borrowing. This could be the place where you get your loan despite the bad credit.
Another place where you can get a loan with bad credit is from a credit union. A credit union is a financial institution, and the difference with this one is the fact that its members own it. Convincing the members or the people in charge that you need a loan and that you are going to pay might be much easier than trying to convince a bank. Once you have explained to them what you need they will determine when to give you the loan and you will have better chances here than at the bank. Learn more about loans for poor credit by going here.
The first thing before you even go through all this trouble is the fact that you must have tried to talk to some of your relatives and told them to give you a loan and maybe they did not have the money. That should not be the end of it because they can easily cosign a loan for you and get it that easily. They might be hesitant and it is up to you to convince them that you need it. Since the reason you are not getting a loan is because of your bad credit, then you can tell them to sign the loan, and it will be as if they are the ones who have taken it. Check out Bad credit personal loans here.
To learn more about bad or no credit loans, go to http://www.ehow.com/how_2076653_get-no-credit-check-personal.html.