Having a bad credit history is normal and inevitable. It's not a mortal sin to have a bad credit history but it's a big no-no when it comes to purchasing any loan. I thought that since I have a bad credit history, I'm totally hopeless to get a college education. But then hope came, along with bad credit student loan. Now, I can have my education and bright future because of it. This loan is good because it lends you money despite your financial history. It overlooks the possibility that you might have a difficulty in paying them as reflected in your credit records.