The very nature of being a bad credit borrower means that criteria that is applicable to someone with a perfect credit score is well out of your reach.
Whereas a prime borrower can go to a prime lender lika Bank of America or Citi Bank, the bad credit borrower will have to look in a completely different sector and accept completely different criteria on loans.
The main characteristics of adverse credit borrowing are that loans are generally very short term in nature. Wheeras a prime lender can borrow comfortably for up to several years on an unsecured basis, a bad credit borrower will probably struggle to get a loan for a period longer than a few months.
Short term bad credit loans are popular in the USA
Further characteristics of bad credit borrowing include the amount that can generally be borrowed. Whereas a prime borrower can borrow 
up to $25,000 on an unsecured basis, a bad credit borrower can borrow at most just a couple of thousand dollars. The loans are short term bad credit loans.
The bad credit lender is operating with people who are at a high risk of defaulting on their bad credit loans and as a result they want to get their money back as soon a s possible which means lending for the shortest amount of time possible.
On a final note the interest rate charged by a bad credit lender will be higher than that charged by a prime lender like the National Bank of California or Wells Fargo.
Short term bad credit loans do have a place in the market and do offer valuable emergency funding for those with no where else to turn.
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