A Credit loan or bad credit loans are available from a number of financial service providers. You gain credit as soon as you have a credit card, a cell phone contract or a mortgage. Depending on how good you are the repayments will reflect on your credit rating. If you fail to pay back the “loans” at a specified rate you will end up with a bad credit rating and you may have to take out a credit loan to sort out the payments that you are in lieu of. A credit loan broker will search the market to try and find the best loan for you. Secured and unsecured loans are available. You need to be careful with your repayments on credit loans as you risk losing your assets if you do not repay the loan on time.