Context: Bad credit history unsecured loans are a great option for people who wish to take up a loan on immediate basis . The complete array of bad credit history unsecured loans is smartly designed with lucid terms and conditions . Moreover , these loans are free from the elementary pre requisite of collateral submission , which in turn , further facilitates the convenience of those borrowers , who are not favored with the provision of home , property or any valuable asset .

Question: What may be true about unsecured loans for people with bad credit ?
Options:
0. These loans do n't offer convenience to borrowers .
1. They do require capital .
2. None of the above choices .
3. They do n't require capital .
Answer: 3