How to Consolidate Debt with Bad Credit
Even if you can’t qualify for a loan, you may still be able to consolidate your debt.
Credit card consolidation allows you to lower your monthly payments and reduce interest charges so you can eliminate debt efficiently. The only problem is that most debt consolidation solutions require you to have a good credit score to qualify. If you have bad credit, you either can’t qualify for a loan or can’t get the interest rate you need for consolidation to be beneficial.
So, how do you solve debt problems if you don’t have the credit score necessary to qualify for consolidation?
The answer: Nonprofit consumer credit counseling