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Money makes the world go round. The trouble is you never seem to have enough of it. For example, right now you're in a bind and need to borrow $10,000 and have poor credit. Let's troubleshoot this and figure out your best $10,000 loan options.You go to check your credit score. You've been working on repairing your credit so you're hoping your score is higher than it was the last time you checked. It is higher, but you still haven't quite inched your way out of the bad credit rangeIs it possible to get a 10000 dollar loan with bad credit?In short, yes. You are, in fact, one of 68 million Americans that falls in the bad credit range. That's good news for you.With so many Americans having less than perfect credit, this creates a demand for loans for bad credit. This means that there's hope for you. Let's take a look at some of the bad credit loan options that may be available to you.Tips to get approved with bad creditReview the eligibility criteria. Do this before you apply to make sure you are eligible. Look for things like minimum income, employment requirements, etc.Submit all necessary documents. Check what documents are needed and make sure you are able to send everything that the lender requires.Consider a joint application or guarantor. This can help if you don’t have the best credit or if you don’t meet the income requirements.Typical Loans for Bad CreditSome of the most common loan options for people with bad credit include payday loans, credit cards, and cash advances on your credit card. However, these usually work best when you need a small loan. Perhaps anywhere from a few hundred to a couple thousand dollars.But when you need up to $10,000 these options aren't as good. First of all, the interest rates are usually pretty high making it difficult to pay back that much money. Secondly, your credit card limit is probably too low and many states limit payday loans to $1,000 or less.So you are going to need a different option.Unfortunately, bad credit loans typically have one thing in common. They tend to be expensive. As in, they come with a high interest rate and the repayment terms may not be the most favorable for you.There are a couple ways you can get that expense down. Let's take a look at those first.A Secured LoanMany loans are unsecured. This means the lender has no assurance other than your word that you're going to pay back the loan. That's what makes a credit score important. Your credit score tells a lender what your past financial behavior has been.A low credit score is a red flag for the lender. It shows that you're a high-risk borrower and may not pay back what they lend you. That's why they tend to charge higher interest rates. They're looking for better compensation since they have to take a higher risk.If you have some sort of asset that would be worth $10,000 you can take out a secured loan. When you secure a loan with collateral you're reducing the risk that the lender takes on by giving you an unsecured loan. Thus, the lender is more willing to offer a more favorable interest rate and work with you on repayment terms.A Cosigned LoanAnother way to get more favorable loan terms is by taking on a cosigner. If a friend or family member with good credit is willing to sign for your loan the lender will be willing to work with you on terms.However, if you plan to go this route be very careful. Be sure that you can make the payments and pay back the loan on time.You're putting someone else's credit score at risk and many relationships have been ruined over money matters. You don't want this to happen to you.Where to Find $10k Loans for Bad CreditNow let's get down to the good stuff. Where can you find loans for bad credit?The truth is, there are quite a few options. Each has their own pros and cons. Let's take a look at some common ones and you can decide if they may work for youHome Equity Line of CreditA home equity line of credit or HELOC is a type of secured loan. Of course, you can only take out a HELOC if you have equity built up in your home. In general, you'll need to have a loan-to-value ratio of 80% to qualify. That means that you own at least 20% of the equity in your home.This is a good option if you own your own home. You can generally get a much lower interest rate and very favorable repayment terms.A line of credit also works as revolving credit, like a credit card. That means that you can reuse the credit as you pay it off.You can also opt for a regular home equity loan. This would work as a regular loan, but secured for a better rate. Once you pay it off it's done. To borrow again you would need to apply again.The Best Lenders Offering a $10k Home Equity Line of Credit (HELOC)Bank of America - Their interest in your loan will depend on how bad your credit really is. Click here to see their current interest rates and qualifications.Wells Fargo - A banking leader for over 150 years. A great option with good interest rates and terms, if you can get approved. Click here to see current offers.LendingTree - An online resource that has been around a long time. They offer a service where you can compare multiple offers at once. Check it out$10,000 Personal Loans, Usually OnlineNext up on our list are direct online lenders. $10,000 personal loans have the advantage of being fast. In some cases, you can have the money in your account within a day or two. They also tend to ask for less paperwork and are easier to qualify for.But that convenience comes with a cost. Personal online loans may be easy to get but they're hard to pay off because of the high interest rate.However, if you really need money quickly this is a good option. You can also easily find lenders that will offer loans up to $10,000.The Best Online Lenders Offering a $10,000 Personal LoanNetCredit - View OffersHorizoncredits - View OffersProsper - View OffersPeer-to-Peer LendingA peer-to-peer lending platform feels pretty similar to a direct online lender for you. But it works a little bit differently.Other people with money to spare can invest in a peer-to-peer lending platform. Then people like you who need a loan come to the platform to request the loan.It can be nice for you to know that the money you're paying in interest goes into someone else's pocket and not to a company. Sometimes, you can qualify for a slightly better rate through these platforms.However, you'll probably have to wait a little bit longer for the money to arrive in your bank account. You'll usually wait about a week.This is because when you make a request for a loan it is presented to investors. You have to wait for enough investors to fund your loan before the funds can be disbursed to you.The Best P2P Lenders Where You Could Get Approved for $10,000Upstart - View OffersLendingClub - View OffersHorizoncredits - View OffersBanksBanks seem to always be the bad guy when it comes to poor credit loans. They tend to ask for too much information and put more stock in your credit score. It's hard to qualify for a bank loan and even harder if your score is less than perfect.But don't simply discount them. Sometimes smaller, local banks can actually offer good options for loans for poor credit.Try going to your current bank first and see what they may offer. If you have a good relationship with them, that is you don't overdraft your account and they can see your fiscal responsibility, they may be willing to offer you a loan.The Best Banks Offering Personal Loans for $10,000Toronto Dominion Bank - View OffersUS Bank Corp - View OffersSunTrust Bank - View OffersCredit UnionsAnother option that is similar to banks is credit unions. There is one major difference between banks and credit unions and that is that credit unions are nonprofit.Thus, you may be able to get a better interest rate through a credit union. As a non-profit, they don't need to charge as much because they're not looking to make a profit.The same thing applies here. If you already bank with a credit union try going there first. A good relationship with a credit union might be what you need to qualify for a loan even if you don't specifically meet their requirements.Best Credit Unions for a 10000 Dollar LoanNavy Federal Credit Union - A large credit union with many locations in the Northeastern part of the United States. View OffersBECU - A Northwest credit union with many locations - View OffersGolden 1 Credit Union - California and western states - View OffersSuncoast Credit Union - Southern US - View OffersAlliant Credit Union - Midwest US - View OffersWe recommend doing a local search to see the credit unions in your area. Most credit unions are regional. Almost all credit unions offer some form of personal loans.They Do Exist!We hope this article has given you a little bit of hope. $10,000 loans for people with poor credit do exist!You may have to do a little bit more digging, and you may have to pay a little bit higher interest rate, but at least you can find the funds you need.Additionally, if you succeed in taking out a loan and making your payments on time this will help raise your credit score for the future. So the next time an emergency comes around and you need some cash it will be a little bit easier to find.

There's a lot of really good information and answers already here. I'll just add a few that i didn't see mentioned.Save money by having great creditThe difference between a good and bad credit score is likely 1-3% difference in a home loan interest rate. With 30 years of compounded interest, that's several hundred thousand dollars.Use your great credit to take advantage of great offersApply for credit cards with large bonuses (statement credits, airline miles, etc). I apply for 5-6 a year (applying for multiple cards on the same day minimize the short term impact on your score). It's only July of this year but I've already gotten bonuses for 6 cards amounting to 100k AA miles, 100k United miles, and $700 in statement credits.Don't pay bank fees (or credit card fees for that matter!)Stay away from national banks who charge stupid fees for inactivity, inadequate balance, out of network ATM withdrawals. Setup an account with Charles Schwab, Alliant, or a local credit union. The first two offer ATM refunds from all ATMs domestically and internationally.Educate yourself about taxes and investingThere's really no substitute for this. Even if you decide to hire an accountant or financial adviser (which most people shouldn't need to, they are costly!), you need to have basic knowledge so that you can do a sanity check on whatever they recommend. I recommend the Boglehead's Guide to Investing for a great overview on both subjects.

Really depends quite a bit on your area. I would recommend looking into your local credit unions if you don't want to move into some type of investment products.Frankly, there are so many different investment products though I think you should consider some. There are some pretty conservative products w/ a guaranteed rate of return that will out perform a CD or Savings at a local institution any day.Lastly, the credit unions will only be the best on CDs (in my experience). If your looking for a liquid deposit account your best bet is an online institution like Ally Bank.