We would all love our financial situation to be guaranteed, but there really is no such thing as guaranteed when it comes to finances. This is especially true when applying for a loan, even secured loans with collateral provided. So, when applying for an unsecured personal loan for bad credit, approval is anything but guaranteed.However, that does not mean that approval is impossible, nor does it mean that the chances of getting approval are very far from 100%. With some care taken in preparing for the application it is possible to get very close to guaranteed loan approval.Even when a loan has no clear purpose, is applied for with bad credit scores featuring, and is an unsecured personal loan, it is possible to get approval.Understanding Personal LoansIt is not difficult to imagine what a personal loan is, but from the point of view of a lender it is a loan that can be used for just about anything that a borrower chooses. In contrast, an auto loan is used to buy a car, and a home loan is used for home improvements. So, an unsecured personal loan for bad credit is about as unspecified as it can get.Unsecured refers to the lack of any kind of security involved in the transaction. However, the downside of this situation is that the lender is more at risk of losing money. Therefore, they charge higher rates of interest and often have quite strict loan limits. It is also impossible to get guaranteed loan approval.The second type is a secured loan, which is a loan that includes a form of security. Unlike unsecured personal loans, these loans usually has much lower interest rates, and are all but guaranteed approval so long as the collateral matches the size of the loan.Getting Over Bad CreditIt might seem that having bad credit would make a huge difference to the chances of approval. When seeking an unsecured personal loan for bad credit this is certainly true, but one way around the problem is to get a cosigner. This is not technically security, but a cosigner will practically remove the risk involved in the transaction.A cosigner acts as a guarantor by promising to make repayments in the event that the borrower is unable to. Effectively, it means that he or she takes over responsibility, but has to have an excellent credit history and a large enough income to be accepted in the role. However, with a cosigner, the applicant can look forward to practically guaranteed loan approval.Another way around the problem of bad credit is to take out a series of smaller loans, like payday loans, and repay them without fail. These too are unsecured personal loans, and with each one repaid, the credit score is improved.Getting Guaranteed ApprovalIt is widely supposed that guaranteed loan approval does not exist, and to an extent this is true. With unsecured personal loans for bad credit, for example, the risks are too high to be sure the lender will give the green light. But there is a way to increase the likelihood of approval to about 95%.Firstly, find a lender that is offering approval with no credit check. This means that a bad credit history will be ignored. Secondly, provide bank account details. This will allow the lender to arrange an automatic repayment scheme with your bank, which shows an open intention to repay.Finally, keep the application realistic by not seeking too large a loan. Unsecured personal loans should be small to increase the chances of success. So, seek $1,500 instead of $10,000, then build from there.