If you have very bad credit, a loan can be very difficult to obtain. In fact, most people with bad credit simply cannot find a way to get a loan anywhere, its as if nobody will even consider them at all, much less actually take the time to make a rightful judgment on whether or not to give the person a loan or not.
The good thing about poor credit loans is that they come from lenders who are willing to give people with lower credit a chance at “proving themselves” so to speak. They will have a higher interest rate attached to them, but that is really the only true negative aspect to this type of a loan. It is available to anyone, and your credit is not pulled when making a decision on whether or not to give you the loan or not. What this means is that you do not have to worry about your credit score being further damaged by the banks pulling your credit again. You have had enough of that mess already, I am sure.
You can use these loans for anything, whether its to pay bills, pick up some groceries, or go on a vacation; the choice is completely up to you. If you have very bad credit, a loan of this type is something I would surely recommend, as I have had many friends who were in the same situation, and this is what finally got them turned around and headed into the right direction. If it happened to them, then it can most assuredly happen to you, as well.