Many are the times when people find themselves stuck in bad credit scores, which translates to difficulties when trying to get a loan. While it might take long to get your credit score in order, there are other viable solutions you can consider in the meantime. Below is a list of some alternative ways you can consider to get a loan: Get Loans from Friends and Relatives Probably the only people who will trust you with their money even if you have a bad credit history are your friends and relatives. You need to be professional about repaying the debt because you don't want to destroy your personal relations or leave your relatives languishing in losses. Use Home Equity You can use the worth of your house to get a quick loan if your credit history is not favoring you. Most people fear using their homes to secure loans because the option exposes them to the risk of remaining homeless. On the brighter side, you can use your house to get a loan because you are entitled to equity claims on such a property. This equity will help you to get short loans that charge lower interests, and are easy to pay. Consider Peer to Peer Borrowing This is a system that utilizes the online platform to bring together lenders and borrowers. Both parties benefit in that borrowers do not need to belong to a financial institution while lenders get interests from lending their money. This is a better method for a person with bad credit to get a loan without having to satisfy financial institutions. Go for Credit Unions Credit unions have a big similarity to banks, only that their ownership is credited to the members. The main objective of a credit union is not to make profits, but to provide its members with benefits such as low interest on loans. Do your research before you join any credit union because they normally differ in policies. Use a Guarantor Who Has Good Credit History This method will depend on how much your co-signer trusts you, or how much you can convince them to sign for you. It's risky for the co-signer because they are fully responsible for the loan in case you are unable to settle it as agreed.