In Canada for example, Bad credit student loans are not too much of a problem because the government seems to recognize the fact that the student applying is likely still in the process of building up his or her credit history. You can pay off debts also through taking personal loans. In any case if the borrower is in order to pay the financial wealth to loan such a term, he will often ask the contributor to extend typically set up period by paying down a fee for the lender. People with bad credit or no credit generally use these loans.