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These avenues have their own problems. It's not always feasible or desirable to borrow from friends or relatives, and banks have such strict loan requirements, that getting a personal loan is very difficult.

The biggest stumbling block for most people who want to apply for a

In both situations, your credit score affects your ability to get a personal loan, and it also affects how much interest you pay on a loan if you do get one.

Almost all of us have been in a situation where money was tight, where your cash runs out just a couple of days before you get paid, and you need money quickly to pay a bill, to buy petrol, or even just to eat. Some people are lucky enough to be able to borrow from a friend or family member, and some can rely on a bank loan or overdraft for the cash they need.These avenues have their own problems. It's not always feasible or desirable to borrow from friends or relatives, and banks have such strict loan requirements, that getting a personal loan is very difficult.The biggest stumbling block for most people who want to apply for a short term loan is their credit score. Either it's too low, meaning that if they are eligible for a loan at all, the interest rate is likely to be prohibitively high—or they don't have a credit history at all. A person's credit history is a reflection of the debts they've incurred and their track record when it comes to paying them off. If a person's credit score is low, banks are wary of providing loans, due to the risk that they might default on the loan. And if someone doesn't have much of a credit history at all, because they don't have a credit card, for example, banks are equally wary, because there are no indications that they're able to manage debts responsibly.In both situations, your credit score affects your ability to get a personal loan, and it also affects how much interest you pay on a loan if you do get one.