Considering the current state of the economy and the fact that many lenders are really pushing the buttons when it comes to trying to stay afloat just a mere while longer so they can lend out more money and hopefully recover, it makes me wonder if really bad credit personal loans are a thing of the past. Since really bad credit personal loans are not secured by any collateral whatsoever, they could indeed be far more difficult to get these days simply due to the fact that many of the lenders are running scared, wondering if they will even be in business come the end of this year. As the credit crunch and the mortgage crisis continues to heat up, many people are realizing that they too have destroyed credit histories, and that they too could be searching for bad credit personal loans in the near future. So to answer the question, no, really bad credit personal loans are not a thing of the past, but they surely will be harder to find then they were just a few short years ago.