Free debt consolidation help
Can I get a debt consolidation loan with bad credit? Yes, you can. While many lenders do reject people with bad credit, there are others who specialise in bad credit debt consolidation loans.
By consolidating, you are getting rid of several different debts and replacing them with just one. This means your debts are a lot easier to manage and you can also benefit from extending the payment period and having less to pay out each month.
Debt consolidation alternatives
If debt consolidation isn’t the right solution for you, there are a number of other alternatives that may suit your circumstances better. Below is a list of the most popular with a brief description and a link to more information.
Debt management
Debt management allows you to get back in control of your finances without taking out another loan. Most commonly, this is done through a professional debt management company, but it is possible to negotiate with your creditors yourself.
Read more about debt management here
IVA
An IVA is a legally binding agreement between you and your creditors where, depending on circumstances, a large percentage of your debt can be written off.
Read more about IVAs here
Remortgage
Remortgaging can release cash tied up in your home to be used for a number of purposes. Most popular amongst these is paying off debts.
Read more about remortgages here
Latest Free Debt Consolidation Help articles
- Types of debt consolidation loans
- Getting the best debt consolidation loan
- Bad credit debt consolidation
- Debt consolidation alternatives
Remember, Free Debt Consolidation Help is a completely free, impartial service. Although the information on this website is provided by industry experts, it should never replace the advice of a debt adviser who understands your individual circumstances.