If I need to borrow $1000 today , banks may not be able to help me get the money today. Even though our first reaction is to try approach banks when we need to borrow some money, the truth is that these financial institutions have strict lending requirements especially if you have a poor credit history. So how can I find real lenders who give bad credit loans, and where can I get a personal loan preferably with monthly payments? Traditional lenders such as banks are not the only financial institutions licensed to provide cash loans - there are plenty of legitimate alternatives available for people to get loans when mainstream credit is not available for them. You can get a pay monthly loan from a non-bank finance company when banks turn down your request. Licensed Online Lenders For Bad Credit Loans Personal loans for bad credit are more commonly available as unsecured or no collateral needed. Since most licensed payday loan lenders limit the maximum amount to a thousand dollars,