Very bad credit loans are loans that are specifically targeting at people who have credit that is either extremely poor, or otherwise completely nonexistent. Since they are aimed at a market that has consistently shown an inability or unwillingness to repay debt in what the creditors feel is a reasonable amount of time, they are designed to be very short term loans at best. They are becoming widely available in the form of payday loan stores, where you write a check for a particular amount plus a service fee, and the company cashes that check on a specific date, usually a week or two after the check is written. While by no means an effective way to make a large purchase, they can be useful in finding a little extra money to get you through until payday.