A low credit score makes it more difficult to obtain the necessary funds when money is needed right away, which adds to the stress of doing so. One need not worry in this situation because there are solutions to meet the need. Credit Unions- In order to avail a loan from a credit union, one has to be a member of it. Since they look into the applicant’s history as a member of the union, it is advised to maintain good relations with them to get the loan approved. Lending platforms: There are lenders that fund borrowers with bad credit, like Avant and Universal Credit. Online lenders have features like same-day funding, less documentation, and they also advise on improving credit history.

"The simple and instant loans to get sanctioned for without much hassle would be payday loans, car title loans, pawn shop loans, and installment loans. All these loans are instant cash solutions or emergency funds for borrowers with bad credit scores. In today’s world, it is easy to get approved for a loan amount in case of low income or fair credit score, as there are lenders who cater to the needs of borrowers whose loans are not approved by any other financial institutions or banks."