Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

How can someone with a new job but no credit history get a loan to settle another debt?
I believe the best way to go about it is to approach a good friend or relative to borrow the money, interest free. Do discuss with them the repayment schedule. If you have any assets such as house / stocks, you can pledge them in exchange for $5000 cash. I believe the banks would be more than happy to lend to you. You could try one of these Peer to Peer lending sites where you could borrow money from other people instead of banks.