If you are like most people, your credit score has taken quite a hit over the past few years. There was a time when the average credit score was in the low 700’s, but now it is in the low 600’s. What isn’t fair is that most lenders won’t lend to anyone who isn’t 750 or above without imposing strict restrictions or extremely high interest rates. So, what do you do if your credit isn’t great and you need an easy personal loan?

The first thing you should do is not let other people tell you that it can’t be done – because it can! Almost any living, breathing legal resident of the United States can get an easy personal loan without putting up collateral. There was a time not too long ago when a bank or lending company would actually have you put up a list of items (stereo, computer, sporting goods) that would be used for collateral in case you didn’t pay off your loan. Now, however, almost all lenders forego that requirement in exchange for a higher interest rate.

The best place for a short term, easy personal loan is a cash advance loan company. Also known as a payday loan, these loans are for a small amount of money (usually less than $500) and are to be paid back within 30 days in most cases. If you have bad credit, this is the best type of loan for you since most of these companies will not check your credit record.

If, however, your credit is still in pretty good shape, most of the larger banks have personal loan agents that can help you find a way to borrow money. If you own a home with equity left in it, or you have the title to your car in hand, your local bank should be able to help you arrange a loan.

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