Anyone can apply for a bad credit loan but your application will not be processed until the lender has accessed your age and employment status. To be eligible for a bad credit loan you need to be over 18 and employed. You will have to show proof of your plans for the money and some companies may ask to see evidence of how you are planning to repay it. Make sure that you check all of the small print and look out for any hidden charges. The APR will be extremely high for a bad credit loan so it is important to consider how quickly you can repay the lender to avoid building up such a high interest for a long period of time.
While not all lenders offer bad credit loans, there are plenty that do. Companies are happy to give out bad credit loans because if individuals have a history of not paying money back and racking up more and more interest (that eventually the lender will have to get back) they know that they are more likely to get a decent profit from handing out the loan.