What exactly is a bad credit loan? These loan providers understand such potential prospects have been in a situation that is urgent. A ‘bad credit loan’ is a label employed by some loan providers, for folks who have most likely been already rejected that loan, or be prepared to be rejected, as a result of a bad credit history. They realize that if less loan providers are going to accept the application because of your present credit history dilemmas, you might be almost certainly going to accept terms that aren't in your economic most useful interest, just theirs. Some credit.