Credit is financial aid received by a borrower to be paid back later mostly with interest. Both the lender and the borrower enter into an agreement where they settle on the amount that will be involved for the offer and the time that it will take the borrower to pay back. The term 'credit' is also used to refer to the borrowing capacity of an individual, and it is the status that is used by lenders to determine if they can offer the money to the borrower or not, and at what amount. The Need to Seek Financial Aid At one moment or another individual will always need to borrow money for various uses. They may want to start a new business, repair their houses, repair their vehicles or simply cater for small domestic financial needs. When one has to borrow money, he or she has to know the right places to get the credit from. This is because some sources can be unscrupulous, and it is always good to deal with genuine moneylenders. Some of the places that you can get financial help are explained below. Credit Union This is mostly an organization that you have to register as a member, contribute and then you can be allowed to borrow after a certain duration of contributing to your account. These are not suitable for emergencies when you need to get cash within a short notice, and hence cannot be an option when you want to avail credit instantly. They offer their loans at favorable rates because unlike banks, they are not profit making entities. Other details like lending fees and transaction fees that make borrowing expensive do not apply here, hence making the loans affordable. Bank Loans Banks are sources of loans that you can depend on if you have a very straight borrowing record, and if you have the right collateral that will be required for a loan that you will need. Taking this cash advance can be tedious because it involves many regulations that are to check the borrower's ability and credibility to handle the credit he or she wants to borrow. Credit Companies These are credit lenders who offer short-term financial assistance to borrowers who meet the simple borrowing conditions. The small loans that they offer do not require any collateral because the borrower is supposed to repay the credit at the end of the month after borrowing. For that reason, to get the credit one has to offer the required information that will show you are a genuine citizen who are permanently employed and receives a stable monthly salary. The standard amount of credit that you can get from these companies range from $100 to $1,000. However, your monthly salary will be used to determine if you can be given the amount of credit that you may be asking for. You will need to support the personal information you provide with genuine utility bills to confirm your physical address, your genuine pay slips and employment information and banking details like your account number.