It might seem that a bad credit rating is enough to ensure getting large personal loans is fantasy rather than reality. But the fact is that it is possible to get even a $10,000 personal loan with bad credit.The reason why this is the case is that every lender is interested in one thing: getting their money back, with interest. After all, personal loans are always viewed as risks.The good news is that there are a number of things that can be done to greatly increase that level of confidence for the lender. So, through these steps, your chances of getting loan approval despite bad credit are greatly improved.Offer the Lender SecurityThe easiest way to secure a $10,000 personal loan with bad credit is to offer some security to the lender. This basically means providing some collateral that is of equal value to the amount sought – $10,000.The chief benefit to offering collateral is that the personal loan becomes a secured loan, and therefore a lower rate of interest is applied. So, the monthly repayments are lower and more manageable.Of course, the negative point to keep in mind is that by using collateral to get loan approval despite bad credit, the particular item is at risk. Should there ever be a problem with making repayments, then it becomes the property of the lender.Include a CosignerThe problem with collateral is that not everyone has a single item worth enough to secure a $10,000 personal loan with bad credit. But a cosigner removes that problem.A cosigner commits to making the necessary repayments should the borrower fail to, which helps to convince lenders of personal loans that they will get their money back.However, the cosigner also needs to be accepted by the lender before there can be any chance of getting loan approval despite bad credit. The ideal candidate will have an excellent credit history and sufficient income to be able to make the repayments should the need arise.Split the Loan SumA third option is to divide what is needed into a number of small personal loans. Getting a $10,000 personal loan with bad credit is going to be very difficult, but smaller loans of perhaps $2,000 or $3,000 can be secured much more easily – often with no credit check actually applied.But there are some aspects to keep in mind when getting four or five small personal loans. First of all, each loan stands alone, which means that each lender is going to apply pressure to have repayments made on time.Also, it is important to do your calculations correctly. Five loans of $2,000 each could have five different rates of interest. This could mean that the overall interest repayments are more than it would be on one $10,000 loan. Of course, to secure loan approval despite bad credit the extra expense may have to be accepted.Repayment schedules on each loan are also important. A single $10,000 personal loan with bad credit will be structured simply, but getting multiple loans from different lenders means agreeing different schedules. A $1,500 payday loan, for example, may need to be repaid in 30 days, while a $3,000 personal loan could have a 90-day deadline.Meeting the repayment schedules can become complicated, but when seeking loan approval on a loan as large as $10,000, the headache can be worth it.What is important, of course, is that when a $10,000 loan with bad credit looks next to impossible to get, there are options that can make the dream possible.