If you have bad credit, it can be incredibly frustrating to try to get a loan. Many traditional lenders will turn you away and even those who do give out loans charge high interest rates, making it impossible for you to ever pay back what you owe. So what are your options? Credit cards are great if you’re trying to build up your credit history or pay off old debt, but they might not be right for every situation. Luckily there are several other types of loans available if you need money fast!

Payday loans

If you need cash quickly, a payday loan may be the answer. A payday loan is a short-term loan that’s made to people who have bad credit and no other options for getting money. You can borrow up to $2,000 for up to 6 months at rates ranging from 300% APR or more (annual percentage …