Why they are called this way? Because they are offered to people that evan have a bad credit. Don't you see something wrong here? This agencyes see that you don't have a clue about money and you aren't a finacial genius. This is why they offer to people with bad credit score, because they will come again. Only bad credit loans agencyes give this types of credit to people.
But lets think about this, if you have a bad credit why should you take a loan? If you already have a bad credit score this means that you won't be able to pay the loan in time and you will ask for a extension of the loans and so on.
So if you think about it is not the agency fault for peoples stupidity. IF YOU DON'T HAVE MONEY TO PAY BACK DO NOT TAKE THE LOAN IN THE FIRST PLACE!
happy new year :P
