Banks and other lenders do not want to loan out money that is not likely to be repaid. To protect themselves from lending to people who might not pay their loans back, they make loans more difficult to access for people with low credit scores.
Credit unions are nonprofit organizations that are owned by their members. Credit unions are like banks in that they can lend money and allow members to have savings funds, checking accounts, and other investments with them.
If you need money now and own a home, you might also be able to take out a home equity line of credit or HELOC. Often called a second mortgage, you might be able to use your home as collateral to get access to cash.
Peer-to-peer (P2P) lending is a relatively new form of borrowing. This option exists exclusively online and allows individuals to borrow from another individual, group of individuals, or an institution.