People with bad credit need loans too. There's services that provide bad credit long term loans even if you have poor credit ratings. Options you've probably heard such as personal installment loans, unsecure loans, and payday loans. The lather is actually a short term loan, Let's start with general unsecure loans first. An unsecure loan is a loan without collateral. For example, a car loan uses your car as collateral for not paying your car payments. Hence, since these bad credit friendly loans are considered to be risky to the lender the interest rate is high. Hence these loans are good for remodeling your kitchen but not for consolidating debt. They are only good if you know you will eventually have the money to pay the money back the money you borrowed and the high interest. Next, let's talk about these payday loans Payday loans are very similar to how credit cards work. They let you borrow small amounts of money and have very high interest rates. These loans are more meant to get you out of a jam. Thus, if you know you can pay them off quickly they are ok. However, if you miss payments multiple payments you will be in even more trouble than you started. Again, these loans are not good if you are already in debt. Now let's talk about bad credit long term loans or long term installment loans. An installment loan is a loan that you pay via small payments over a long period of time. An example, would be your car payment. These installment loans can also be used to consolidate your debt. This is how they work. First you will take one big loan that will be used to pay off all your debt. Then you will pay off this loan over many years. Of course you should not acquire debt after you get this bad credit loan. Also remember to avoid scams for all of these loans Therefore, get a bad credit loan with is possible with unsecure, installment or pay day loans. However, you should always be able to pay these loans. Getting bad credit long term loans may not seem as easily approved as with good credit standing.