Determine how much money you need
Decide why you need the money
Check your credit score
Review your income and existing debts
Compare borrowing options
Consider a bank loan
Consider a credit union loan
Consider a personal loan
Consider a credit card cash advance
Consider borrowing from family or friends
Consider a payday loan only if absolutely necessary
Gather required documents
Apply for the loan
Review the interest rate
Review the repayment terms
Review all fees and penalties
Accept the loan only if you can repay it
Use the borrowed money responsibly
Make payments on time