How Do You Find Loans for Bad Credit?

Those with bad credit may be able to find loans through credit unions or peer-to-peer lending sites, or they may be able to utilize their home's equity, states the Quick and Dirty Tips website. Borrowers may also be able to obtain a personal loan through an established and reputable online lending organization.

To find loans:

  1. Look locally
  2. Before seeking other loan methods, borrowers should apply for a loan through a local bank or credit union to see if they qualify, according to the Bankrate website. Borrowers should also contact the institution that they use for their home loan and see if they are eligible to apply for a home equity loan.

  3. Search online
  4. If borrowers do not qualify through local institutions, they can apply for personal loans through an online peer-to-peer or other established lending institution.