Home » Finance

Looking For A Debt Consolidation Loan With Bad Credit?

Dec 8, 2007
Are you sinking into the pit falls of bad credit? Are you looking for a way to consolidate all your debt into one easy payment? Do you have bad credit? There are many ways in which you can find a debt consolidation loan with bad credit. There are many options available online or through a brick and mortar institution. The choice is yours but most of us need some advice in finding who to trust and how to find debt consolidation loans even with bad credit. If you want to consolidate just your credit cards or other larger debts, the search can take a long time and you have to muddle through companies with bad practices and reputations.

If you are looking for a debt consolidation loan you have to remember that it is a loan. You have to qualify for the loan just like you were qualifying for a loan to buy a car or house. If you have a home you probably can get a loan off the equity of your house, but this is not a good idea if you are planning to use that equity later on for a positive financial decision. The equity will only cover the appraised value of your home and it might not be enough to pull you out of the jaws of the bill collectors your are trying to appease.

If you are lucky, you can qualify for an unsecured loan that will not hold your assets for collateral. If you have a large credit card debt with bad credit, this may not be an option for you. Think about what the bank thinks when they go over your application. If you can't pay off your debt now, how secure are you at paying off a bigger loan even if it means just one payment a month. The bank loan advisors will look at you pretty closely and who really needs that kind of investigation when you are trying to do the right thing and pay your debtors off.

There are credit debt management companies and services out there who will help you to pay off your debts without taking out a loan. These services will negotiate with your credit card loan holders and bring down your interest rates and consolidate all your credit card debt whether you have bad credit or not. You will be able to pay your entire credit card debt with one easy payment and you will not have to worry about late frees or over the limit charges. You will not be able to use the credit cards again, but you probably do not want to because of the circumstances they put you in anyway.

No matter what venue you take to relieve your credit card debt or to undertake a debt consolidation loan even though you have credit, the loan needs to fit your individual situation or circumstance. Do not be buffaloed by fast talking loan officers. There is a credit card or debt management service out there that will fit your needs and give you the financial security that will let you sleep at night.
About the Author
For additional information about Debt Consolidation Loans With Bad Credit, please visit http://www.yourdebtconquered.com
Rating:
Please Rate:
(Average: Not rated)
Views: 125
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources