Bad credit borrowers can sometimes find it hard to locate a lender willing to grant loan approval – especially when the application is for a large loan sum with no collateral to offer. But it would be foolish to believe that getting such loans is impossible. Even the chances of securing a $10,000 personal loan with bad credit are quite good if the right lender and right loan product are found.People do not shop in a bakery for vegetables, so why bother applying to a lender known to refuse bad credit borrowers when the applicant is a bad credit borrower. By taking some time to check the lending policy of a lender, this problem can be avoided. Small loans are usually no problem to get, but getting approval with no security for larger loans is a bigger challenge.Improving the chances of getting the green light on a large personal loan is not so difficult when the right loan is applied for.Regular Personal LoansAlso known as signature loans, these are easily the most commonly issued by lenders. They are used to cover a variety of purposes, from paying for a vacation to consolidating existing debts. But getting a $10,000 personal loan with bad credit can be tricky if it is unsecured.The problem with providing no security on such a large loan is that income is the only assurance that repayments will be made. Therefore, the lender is facing all of the risk. Collateral provides them with something with which to recover loses should the borrower default on the loan. Getting approval with no security is, therefore, a harder task.However, there are ways to do so. For example, providing a cosigner to guarantee monthly repayments means the risk is removed completely, thus making approval of a large personal loan very likely.Home Equity LoansSince security is largely seen as the key to getting $10,000 personal loan with bad credit, it may be worth knowing what the best type of security is. Home equity is a highly regarded form, principally because it is linked with property.By applying for a home equity loan, the chances of getting approval are exceptionally high – even when the loan is for a large sum. The basic idea is that security matches the value of the sum borrowed, so if the available equity is $100,000, then a loan of $100,000 can be secured. Getting such large loan approval with no security is practically impossible.By using equity as security, the cost of a large personal loan is less with the interest rate charged much lower. And because equity increases as the mortgage is repaid and property values increase, security is likely to be available for another loan, if necessary, at a later date.Family LoansFinally, for anyone seeking a $10,000 personal loan with bad credit, it may be worth approaching a family member. There are several advantages to doing this, and really only one catch. The catch is that a family member must have $10,000 available to lend.This option, however, is the least expensive overall since interest rates are usually not charged on these loans. However, even if it is, the rate of interest is much less than usually. Also, loan approval with no security is guaranteed so long as the necessary funds are available.Still, clarity is extremely important when it comes to financial matters, so be sure to agree terms, write them down and sign them before committing to any large personal loan deal. This should include the size of the monthly repayments and the number of months. Remember too that such loans are outside the lending industry so it will not improve (or worsen) your credit rating.