Bad credit history secured loans are just as the name implies. These credit loans help you to erase credit history and start anew. They are especially useful if you have been turned down for personal loans are unsecured, and take a form of collateral.Bad credit history loan allows you to borrow large sums between £ 5,000 and £ 75,000, but against collateral else. The collateral else can be any of your personal assets such as car, own property, jewelries and some of your own property. The remaining tenure of these loans is very high and vary from 10-25 years.