Due to the use of credit scoring, unsecured loans for bad credit cannot be obtained from high street banks. Adverse credit will show on a credit report for a period of 7 years (10 years for chapter 7 bankruptcy). However, it may be possible to get an immediate cash advance from a specialist poor credit lender. Pawnbrokers and payday companies provide quick, same day loans with no credit checks. They use a different set of criteria in order to establish eligibility.