A majority of these
bad credit loans are seen as expensive, however this has to be considered in context towards short-term nature and service which provide. I assume a good example is usually to do a comparison with a short taxi ride a fairly short distance. Clearly not the lowest priced option nonetheless it maybe the best option if you need to get somewhere quickly and don't have the option for yourself car or even a bus.
Another misconception would be the difference between
loans for bad credit and bad debt. Low credit score means you might have miss several payments on previous loans or fallen behind and past creditors have reported this against your own personal credit report. Bad debt alternatively is where you took on more debt than within your budget and are also snowed under with repaying debt, and therefore fall behind on the payments.