If you have little credit history, it will be hard to expect a bank to let you take a $1000 dollar loan. Traditional lending companies often use your credit score as a basis to determine credit-worthiness, so a lack of prior financial transactions will not be able to provide them with sufficient information and to err on the cautious side, most banks do not give 3 month payday loans to people with insufficient credit. If you can't find banks that give loans because of bad credit, what are the alternatives? There are other cash loan options for students and young adults - you may have already heard of short term loan lenders. For example, a payday loan is an advance against your salary which akin to taking some cash from your paycheck few weeks before its credited into your bank account. Online lenders allow you to draw a 1000 cash loan against your future wages, and you pay them back when you get paid by your employer. The lending criteria for such direct lenders is not that stri