fall. No one wants to buy a house worth $250,000 today only to find out that it's worth $200,000 six months from now.Unemployment UncertaintyThen there's the uncertainty in the labor market. The national unemployment rate has shown little indication that it will fall below the 9.5-percent mark any time soon. This has made potential homebuyers justifiably nervous. It's understandable that you might not want to take on the commitment of a monthly mortgage loan payment when you're not sure if you'll still have your steady job next week, next month, or next year. Those thousand-dollar-plus payments aren't easy to make when you're out of work.The nation's high unemployment rate is one of the biggest factors in its equally high foreclosure rate. RealtyTrac, a foreclosure-information Web site, reported that 2.8 million properties in the United States received foreclosure filings in 2009, an all-time record.Home Affordable Modification ProgramThese very bleak reasons are why the federal government created its Home Affordable Modification Program. Under this program, mortgage lenders and banks receive financial incentives to lower the monthly mortgage payments of homeowners struggling to pay their home loans. The government designed the program to stem the tide of foreclosures. Unfortunately, it hasn't worked; the government's goal was to help 3 to 4 million homeowners avoid losing their homes. The program, though, hasn't come even close to this figure.You don't want to become a future housing-foreclosure statistic. Yet, you do want the benefits of a home, including elbow room, privacy, and your own outdoor space. Thanks to rent to own houses, you can get this.Rent to Own a Trial RunConsider signing a rent to own agreement as a trial run for homeownership. When you work out such an arrangement, you learify his stigma of poor credit ratings. The other advantages you can incur from the personal loans are like the home decorating services, enjoying the ravishing moments of vacations or birthday parties, paying off your educational expenses, refining your credit history score or even for purchasing a plasma TV. Note down that these loans could be utilized for any purpose, even for the purpose of purchasing Luxury furniture or any other related luxury. The lender isn't really interested in how you spend the money. He would just pave the way for giving you the right platform for getting hard cash within 24 hours.Instant response and immediate handing over the cash has made these types of loans perfect for the end user. Instant response is very important incase of getting the personal loans. For example suppose your current business isn't very well doing in the market and one day you see a superlative opportunity which requires immediate investment. As you have bad credit rating history, so you can't rely on applying for the normal loan. First, it would be a time consuming activity and secondly, your bad credit rating wouldn't allow you to grab the loan amount through normal process. The only germane way is to go for the personal loans for bad credit which would give you a prompt response and you would get the required money as soon as possible. Unsecured and Secured bad credit personal loans For getting personal loans along with your poor credit ratings, you have an option of signing for a secured loan or an unsecured loan. Incase of a secured loan, you would pledge any immovable asset such as your house to the lending party. Your asset would be taken as a guarantee for the lender which he can confiscate according to the agreed terms and conditions if you don't comply by them. The factor of bad credit is nullified incase of secured loan. The reason is this that what else is required to prove the credibility of the borrower when he is pledging his precious asset. There is nothing to lose from the lending side because they have the possession of the property incase of any default from the borrower's side. Contrary to this the unsecured personal loan needs no