Many people believe that once they credit rating goes down or is below okay, banks will decline any loan that they will apply for.  This is often wrong.  There are companies that specifically offer Bad Credit Personal Loans but sometimes if they are too eager then you have to be wary of them.  You still have the option to go to banks and big lending companies because they will have an option for lending even if the risk is higher when the credit score is low or poor.  They will ask for additional requirements.  However, you are assured the company is legit.