You can often get a $12,000.00 loan with bad credit through online lenders like LendingTree, Upgrade and Avant as these online lenders work often with lower credit scores, although the interest rates on the loan are often high.
Credit Unions like Premier America Credit Union also offers specific "no credit check" loans for members.
And specialized lenders like Axion help entrepreneurs with lower credit scores using collateral like cars.
Having a cosigner that has good credit can also help you get a $12,000.00 loan.
Although when you have bed credit and need a loan, the rates for loans with bad credit can exceed 20% in some cases to offset the lenders risk, which makes the monthly loan payments costly and these loans may also need to be paid back faster and a secured loan like using a car as collateral may be required for approval.
The easiest loan to get approved for are payday loans and title loans.
Payday loans and title loans are pretty easy to get approved for, and provide you with quick cash, with minimal requirements to qualify, but also they come with triple digit interest rates and you risk losing your car if you can't pay back the loan or miss payments, especially with title loans.
Payday loans and Title loans are considered predatory loans and with the high interest rates, they can be hard to pay off and so payday loans and title loans should only be used as a last resort.
Other loans that are the easiest to get approved for are online lenders like LendingPoint and OppLoans, which often work with people that have credit scores below 600, and have a fast online process, but still come with high APRs or interest rates.
Peer to Peer or P2P lending are also easy loans to get approved for and are platforms that connect borrowers to investors and are often more flexible than banks for people with lower credit scores.
Some other loans that are easier to get although come with Caveats are FHA and USDA loans as well as Cosigned Loans.
Cosigned loans allow you to get loans with bad or poor credit, but you must add a creditworthy person with a good credit score to boost your approval odds.
FHA and USDA loans are government backed loans for mortgages for lower down payments and rural areas but for homes.
Or you can considered lenders like Upstart or Avant loans which also work with people that have bad to poor credit.
Some Credit Unions and online lenders accept people for loans with credit scores as low as 300, by focusing on income/alternatives.
But be aware of loans with predatory rates or consider loans like home equity loans or other secured loans where you put up collateral for the loan.