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.
† Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom receives compensation.
This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).
Here’s a look at resources that can help you if you need a debt consolidation loan for bad credit.