You know that you are in a tough spot when the month is drawing to an end, last month’s earning’s have come to a dwindling end, and your finances are now hitting an all-time low. Your predicament, hence, is only compounded when you realize that your credit score is just a few points shy of the threshold that lenders use to gauge your repayment history.

Your credit score can be considered as an aggregate figure that is based on all your past loans and repayments.

CashUsa, BadCreditLoans, and PersonalLoans are some that offer options of installment loans, which are loans that one can repay over periods of a month but with relatively unattractive interest rates.

For those with a bad credit score, the ideal option to get instantly approved loans is to pledge a collateral. It can be property or gold; with the collateral, for better interest rates can be asked for.

However, for those looking for unsecured loans,   one needs to have a good income and should be employed in a highly reputed company for at least two years to be eligible. Short Term Loans can be your savior, too. Firms like CashAdvance and MoneyMutual offer short-term financing of smaller up to $3000.

Lastly, use your loans to build your credit for ease of borrowing in the future. See the loan as an opportunity to prove yourself; like you had to when you just graduated from college. If you manage your budget and spendings properly and make timely repayments, you can expect your credit score to advance.