If you need money now and don’t have collateral, such as a house or car to use, you may need a personal loan or even a secured personal loan for poor credit. Personal loans are often easy to qualify for, processed fast, and give you the funds you need in a matter of days. While you can go to your local bank for a loan, they often have strict guidelines that many borrowers can’t meet. Personal loan lenders, on the other hand, are more flexible and can fund your loan in as little as a day or two.