It is possible to get a loan when you have bad credit. depends on how much you are asking for. People can get loans from a variety of different institutions today. If you have a job, you may qualify for a payday loan. There are numerous places that offer payday loans anywhere from 100-1500 dollars. If you have a job, a checking account and a drivers license you may qualify for a payday loan. Payday loans are good until your next payday, at which time you pay the principal back with interest. Pawn shops now will issue loans to customers, if you have something of value to use as collateral. When pawn shops issue collateral loans, the interest is usually less, compared to that of payday loans, and they usually give you thirty days to pay it back or make a payment on it. You don’t need good credit or a job to get a collateral loan at a pawn shop. Some finance companies will issue loans as well. Finance companies are not like banks in which they do checking and savings. They usually specialize in loans only. One thing about finance companies is they will sometimes charge much more interest for a loan, than a bank or a pawn shop.