Alright, so you missed a rent payment …or four, and you are realizing that your credit score is taking a hit as a result. Let’s also say that hypothetically you need to receive a personal loan for launching a new company that will surely make you a multi-millionaire overnight. Lucky for you, there are still several ways to receive a loan.

  • Try a credit union/family member You probably did not expect relatives and credit unions to be listed together, but both may serve as a more personal intermediary to receiving money. Credit unions are owned by their members, rather than profit driven shareholders and may be more likely to lend you money; borrowing money from a family member may incentivize you to pay it back because you do not want to ruin a relationship, and hopefully they will be more inclined to lend you money in the first place.hand man person growth woman building male meeting finger corporate office communication blue business together arm close goal motivation close up caucasian contract happy happiness determination inspiration commerce handshake company businessman equality aspiration employee deal union achievement interaction cooperation agreement sense hiring diplomacy businesswear joined

 

  • Get a cosigner If you know someone with a strong credit score, they may be able to sign a loan for you. The better the credit score means the less money you will have to pay, so be mindful of that.desk writing work hand man table person people boy pen notepad male sign young finger letter color office communication student business paper note education ink write art contract study design hands fingers text handwriting message school learn document pencils idea job homework paperwork signature hand writing blue shirt

 

  • Get a secured loan To receive a secured loan, you will need to borrow against a previously held asset (property or thing owned by a person). This could be, but is not limited to: your car with an equity car loan; your retirement account with an IRA -Individual Retirement Account- loan.Porsche GT3 porsche gt3 german car car auto land vehicle motor vehicle vehicle automotive design sports car supercar performance car luxury vehicle auto show personal luxury car porsche 911 automotive exterior wheel automotive wheel system porsche 911 gt3 city car mid size car compact car coupe rim automotive lighting porsche 911 gt2

If you are still uncertain about how and where to get a loan, then check out Vola. We look at a variety of personalized metrics to give you a score that you can work with and start taking out loans right now.