Having no credit or poor credit is a major stumbling block to getting a loan because you’re viewed as a high risk customer who might default and leave the lender holding a bag of worms. It’s just a fact that until you raise your credit score, you won’t fit the standard lending guidelines that traditional, big banks have to follow.
- Use a Home Equity Line of Credit
- Apply to Credit Unions
- Get a Peer to Peer Loan
- Take a Loan from Family or Friends
- Appeal to a Co-Signer