How come we truly need loans for really credit that is bad?

Representative Example: Loan quantity ?200 for 35 days. Payable in One repayment that is total of Interest charged is ?56.00, Rate of interest 292% pa (variable). Representative 1212% APR. Representative Example: Loan amount ?400 for 90 days. Payable in 3 month-to-month instalments of ?187.31 Total amount ?561.92 that is repayable Interest charged is ?161.92, Rate