Bad credit lenders have become a very popular business in the United States because so many people are struggling with their credit score. Over the last two years, the average credit score has greatly dropped because most hard working Americans have much less money in their pockets. When financial companies see this, they know there is a market for bad credit lending.
The one good thing about the struggling economy is that there are many businesses out there that want to assist you. By assisting you they will make money, but you should not look at it that way. If you know there are several companies vying for your business, you should use each of these companies against each other to get the best possible deal. If one company quotes you at an interest rate of 12% and another claims 13%; tell the company that claims 13% that you got a better deal elsewhere. I would be willing to bet they would reconsider their offer.