I do not have the best credit in the world and I am trying to stay away from my credit cards. Unfortunately, I keep getting these offers for bad credit loans and credit cards geared for people with bad credit. The devils in the details for these things so you better read them. Many times they have decent introductory interest rates and then they jack the price up as soon as you sign. I have also seen companies offer bad credit loans geared for students but allow you to spend the money on anything. This is especially bad for young people who don't know any better yet. My credit is on the repair now and I am feeling pretty good about where I am heading. I learned that bad credit loans can be great if the money is used responsibly and paid-off as soon as possible. The problem with giving a bad credit loan to someone with bad credit is that they usually lack the disciple to handle the payments. As I have learned, be serious about what bad credit loans you take out because if you don't pay on time, you will be in deep trouble. The good news is any loan, bad credit loans or not, if paid on time will get you better credit in the future.