Any person is not safe from emergency situations which makes it impossible to pay the credit back on schedule. It’s very easy to have a bad credit history, it is enough to pay the debt several times later than the due date. There is a solution, and today you can get a loan even having a bad credit history. You need to be patient, look for a loyal local bank and be ready to change the situation.
Each bank, MFI or other organization sets its rules. To get a loan at a pawn shop, it is enough to show an ID and leave something valuable as collateral. You usually only need an ID for a consumer loan in an MFI, while the bank can set more conditions before giving you a loan, especially for a large amount. But there are several general requirements.