While Americans may be suffering from an 8.6-percent unemployment rate, bad credit loans are increasingly sought after, making for a positive outlook in the short term loan industry. According to a Congressional Budget Office projection, the unemployment rate will remain above 8 percent throughout 2012. Many consumers who have been without a job for quite some time were unable to maintain good credit. In doing so, it has become increasingly difficult for some people to obtain access to funds. Bad credit loans give those people the opportunity to pay the monthly bills and everyday expenditures they would be otherwise unable to do. "Bad credit loans are really important today, because the average consumer is reeling from the combined punches of tight credit, high unemployment, and a real estate market that has stepped of the cliff," lead researcher Ariel Pryor said in a statement. The economy may take a couple years to recover significantly, and until it does, Americans will continue to struggle without the ability to take out loans. With low qualification standards, Americans are able to apply for bad credit loans and feel more secure.