Are Bad Credit loans Legit?

I am constantly getting spam emails about bad credit loans. They claim they can finance almost anyone and help them rebuild their credit. I have given some thought to taking out a small loan and paying it off early just to see if it will improve my credit rating. However, I am terribly afraid of getting ripped off and ending up with a loan that will take several years to pay back. Are these types of loans for real and can they really help someone who has less than perfect credit regain a good credit status again? I would love to hear the experiences others have had with this type of loan.

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