A bad credit loan is a personal loan for borrowers with less-than-stellar credit or minimal credit history. Although bad credit loan requirements vary by lender, you’ll typically need a credit score above 500. Since they’re riskier loans, you may not qualify for the loan amount you need or get the longest repayment term. These loans may also come with origination fees.An emergency loan helps you cover unexpected expenses, such as medical bills or car repair costs. A personal loans can be a type of emergency ...