If you have bad credit, why are you looking for another loan? Bad credit consolidation loans are not the answer˳ In the current economy, people with high credit scores are having a hard time getting loans˳ Any loan that you would manage to get with bad credit would most likely have an interest rate that would be through the roof˳
But just because your credit is not perfect does not mean that you cannot consolidate your debts and begin working towards debt freedom˳ You just will not be doing it with a loan˳ Debt Settlement and credit counseling are both options that do not require good credit and they are not loans˳
Credit counseling involves a debt management program that consolidates all of your unsecured debts onto one account˳ You make one payment per month to the credit counseling organization and they disburse it to all of your lenders˳ Your lenders work with your credit counseling organization to reduce your interest rates and eliminate your fees˳ They do require a 2% payment each month and may possibly take 1˳75% as a hardship˳
With the interest rate reduction and the 2% payment, you will be out of debt in about 5 years˳ And the best part is your credit will not be ruined˳ If your credit counseling company cannot enroll you in one of their plans, they do make referrals to reliable individuals or organizations that can help you˳ They even have resources that can help with mortgage problems˳
If you are in a situation where you just don’t know where to turn, fill out the online form and you will be contacted by a credit counselor˳ They will be happy to answer your questions without obligating you to anything˳
Source by https://ezinearticles˳com/?Bad-Credit-Consolidation-Loans—How-to-Get-Out-of-Debt-When-You-Have-Bad-Credit&id=2824313
