If you need to borrow money and and banks will not lend to you, other alternatives are available. Before deciding on a form of alternative financial assistance, however, be sure to explore all options.
Do not apply for a payday loan. If your finances are already strained, a payday loan will only exacerbate the problem.
Explore community lending sites, like prosper.com, which allow you to seek a loan from the general community. This is sometimes called peer-to-peer lending. You may specify the loan amount you need and the maximum interest you are willing to pay.
If your reason and explanations are valid and you can show the community that you are capable of paying back the loan, potential lenders may bid small amounts toward the total loan amount you need. Once you have received the amount you need, the bidding may continue, with lenders attempting to outbid each other by lowering the interest rate.
Apply for a credit card that offers a zero percent interest for the consolidation of balances transferred from other credit cards.