Re: Chances of Personal Loan Approval / Other Available Options?
I think you would have a shot with a cosigner. it is important also to know what the 40K loan is for. That might be important to the loaner. If someone is willing to cosign a loan for you. then consider asking them either to borrow the money themself or loan you some of the money themself. Also, while it can be painful to do so at least for me, is there a possibility of borrowing the money from a family member? Do you have anything to partially secure the loan with? Can you partially fund the 40k with a few smaller loans or money from several different spots? For example, it might not be hard to borrow say 14k from a bank. It would at least be easier than 40k maybe.