- 1). Gather your relevant financial information to apply for the loan. This may include your income statements, Social Security number, bank statements and other sensitive documents.
- 2). Look for a lender that works with or specializes in lending to people with bad credit and obtain their loan application. This is often advertised on the company's website, advertisements and storefront.
- 3). Fill out the lender's application and attach all requested information. Ensure your application contains correct and up-to-date information with all requested information attached the first time to prevent an unnecessary denial of credit for mistakes or missing information.
- 4). Present your application to the lender. Bankrate.com suggests also offering copies of the last six months of bills that have been paid on time and in full to show to your lender "to demonstrate you are a good credit risk."
- 5). Wait for the loan decision. Most personal loans are approved within 48 hours and some lenders offer notification by email or telephone as well as by mail.
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