If we are being honest, the best way to get an unsecured loan other then a payday loan is to have perfect credit and some nice collateral. However, there is another trick that many people do not know about.
The trick to getting approved for an unsecured loan is being a good business partner. It starts with getting a savings account with a lender. You keep money in your account and show you are responsible by putting in money regularly and always keeping the balance over the minimal required.
Once you get to a certain amount in your savings you can either move it to a larger account or use that savings account as collateral for your loan.
You do not use the money as a down payment, but rather as collateral. So in effect you get to keep what is in your savings and gain interest on it, while also getting a loan.
Try it out and see if it works for you. You may be surprised at how well it works at getting the loan deal you want!
