Your only choice to boost your chances of being approved for an unsecured loan is to show the lender a good recent credit history or offering a co-signer with a good credit score and history too. In order to improve your credit, you need to avoid late payments and missed payments for at least six months, which is the period of time that the lender pays special attention to when analyzing a credit report.

Improving your credit over six months implies that you have to wait for applying. If you cannot wait, then, using a co-signer to improve your chances of approval is the smart way to go. A co-signer is also obliged to repay the loan in case you do not meet your monthly payments and thus, provides an extra guarantee for the lender. The co-signer must have a good credit score and history in order for the lender to consider your loan request.