You are perceived as a high risk borrower if you happen to be a poor creditor and this reflects in the reluctance that lenders practice in the disbursal of conventional loans. Not being able to furnish any security only worsens the case. But you need not worry anymore as bad credit loans have been tailor made and you can avail them in monetary crises.

A bad credit can be imposed due to a variety of reasons, some of them being
 Having CCJ's( County Court Judgments) against you
 Declared insolvent or bankrupt
 Having arrears
 Defaulting in the repayments of erstwhile loans

These loans do not need any collateral to be pledged in lieu of the money and are specifically targeted to serve the poor creditors. To negate the apprehension of the lenders you need to take them into confidence by showing your repaying potentials. You can achieve this by showing your employment proof or sound bank statements can also do. Apart from these, lenders seek that you must be above 18 years of age and a permanent resident of UK. If you successfully meet these criteria you can harness these loans pretty comfortably.

With unsecured bad credit loans you can arrange an amount nearing 25000. The rates are variable depending on lenders, the extent of your bad credit and your current financial propositions. The typical rate hovers around 9% APR and can shoot up. The reason for the high rate is your bad credit and non availability of any collateral. You are supposed to refurbish these loans within 10 years and people have been easily achieving this. Keep this thing in mind that an unprofessional approach regarding this can only trouble you in future.
You can look for unsecured bad credit loans in physical market which consists of high street banks or you can go for the online lenders who are available on the Internet. The online way is an easy and comfortable one as you can pass through the entire ordeal of availing such loans with a few clicks.