As we all know, the last year has been hell on the economy, and in particular, the financial industry. This has had the unfortunate effect of making it very difficult to extend credit to the everyday person. People who believed that they were in good credit standing are now getting their credit limit cut without being told why.

Even though the prices of cars and homes are down, it is too difficult for most people to receive loans, although this time last year banks and credit card companies would have been jumping all over themselves to extend credit to these people. I know that it seems grim but there are still ways that the average person can receive a loan. They just need to know how.

The rules that you will need to follow is dependent on the circumstances of why you need the loan. Big loans will have a different set of rules than small loans. You have to remember that banks and other vendors make money when they give out loans, so they want to give you one. They just have been hit so hard by this economic crisis that they have to be careful because they can not afford to be burned by bad investments anymore.

So if you are looking for a big loan, which is something over $10,000, then along with having good credit a good ideal would be the come up with the biggest down payment that you can. If the bank is asking for a down payment of five percent, give them ten percent. This goes a long way so that you can show them that you are serious and that you will be able to make the payments.

An alternative to putting down a large down payment is to  have a good amount of personal paid for assets that you would not mind putting up for collateral while applying for secured or unsecured loans. There are also others who might consider alternative option like Insurance and Credit Factoring where the policies are placed as collateral. This will also show them how serious you are about this loan. Remember the banks want to loan you the money, they just need reassurances about your credit worthiness.

If you are looking for a small loan it is a lot easier because there are other outlets besides banks that you can go to. A bank does not make that much money when it comes to small loans, so believe it or not a big loan is probably easier to get than a small loan. If a bank is going to put a default on their record, they would rather put it on a big loan, that someone would buy from them, than a small one which no one would.

There are plenty of quick cash advance places in your neighborhood and online that could help you out of a quick jam. Places to get cash advance loans online are plenty and are valuable resource. Just remember to make sure that you are able to pay for it in a short amount of time because the interest rates tend to be a little higher. These should be used only in an emergency and not for something that you simply just want.

As we have shown there are still ways for the average person with decent credit to still get loans, you just have to work a little bit harder than before. This is why it is a good ideal to keep your credit score up and also keep plenty of cash stored away. You never know when you might need it.