Why do we want loans for extremely credit that is bad?

Why do we want loans for extremely credit that is bad? Representative Example: Loan quantity ?200 for 35 times. Payable in One total repayment of ?256.00 Interest charged is ?56.00, Rate of interest 292% pa (variable). Representative 1212% APR. Representative Example: Loan amount ?400 for ninety days. Payable in 3 monthly instalments of ?187.31 Total…