If you have multiple really bad credit personal loans, then managing them in an effective way is very important. A way that you can manage these bad credit loans is by taking care of the loans that have the highest interest rate first. Even if it is the bad credit loans that you got approved for just recently, you will want to pay the minimum for the other bad credit loans while paying as much as you can to this one. Once you have gotten rid of the highest interest rate loan, move on to the second highest and so forth. This will allow you to get rid of your loans in the most financially productive way.