Personal loans provide fast, unsecured funds that can pay for anything from home repairs to medical emergencies. Instead of requiring collateral like a house or car, many lenders prefer applicants with strong credit and high incomes.
But what if you don’t meet a lender’s requirements? People who don’t qualify for a personal loan have alternatives to high-interest, predatory lenders. These options can help cover an income gap, but each comes with pros and cons.
