Consolidating loans with bad credit


Sometimes what appears to be debt consolidation isn't.

For example, a debt management program (DMP) through a credit counseling agency allows you to make one monthly payment to the counseling agency, and in turn, the agency pays all of your participating creditors.

You’ve considered taking out a personal loan to consolidate the debt, but it’s hard to find debt consolidation loans for bad credit.

If you’ve had issues repaying your debts, you might have damaged your credit score.

The very reason you a consolidation loan might also be why you can’t get one.

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Here’s a look at resources that can help you if you need a debt consolidation loan for bad credit.

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