Don't let bad credit get you down. You can still qualify
for a bill consolidation loan.
Even with bad credit, a bill consolidation loan may be
a better way to handle your debt.
But first things first...before applying for a consolidation
loan of any sort you should know your credit score. The
best thing to do is invest the twenty to thirty dollars
for a current credit report. You can even order your report
online and have access to it immediately.
Once you know your credit score and have a good idea how
your credit history is rated, save time and allow the internet
do the hard work for you. You can see all of your bad credit
consolidation loan options just by providing information
in one place.
As an example, E-LOAN,
Inc.
is
one company offers bill consolidation if you have bad credit.
(Of course, they also have loans available to those with
good credit too.) The process is simple. You fill out an
online form that is fast, easy and secure. E-Loan will provide
you with bill consolidation loan options specific to your
circumstances and needs. They even offer a free credit score.
NOTE: Home Equity loans from E-Loan are not available
in AK, DC, HI, MT, TX and WV. They do offer mortgage loans
in these states.
(Be sure to provide current, real information about yourself.
If you provide bogus information just to check out loan
options, you may disqualify yourself from good opportunities.)
And remember, your overall creditworthiness is not just
about formulas and credit scores. The only sure way to know
where you stand is to apply for a loan. You are not under
any obligation to accept a loan offer -- nor does it cost
you anything to apply. Really, you are just pre-screening
offers that are available to you.
You can also check out LowRateSource,
which is a mortgage portal that offers a one stop shop for
homeowners with less than perfect credit. You are presented
with an application from lenders based on your specific
needs. They have a very simple one-page pre-qualification
form so that you get quotes from multiple lenders in your
area. After reviewing the quotes, choose the right loan
program for you. There is no obligation.
A similar service is provided by 
HomeLoanCenter.
Complete a similar pre-qualification form and get quotes
from local lenders.
For some, a consolidation loan is not right for you. Instead,
you may want to look into reducing your monthly payments
with a lower interest rate. There are several companies
online who can do that for you too. Companies such as 4Lowrates.com
offer free debt consultation and can reduce your monthly
payment up to 50%! As with E-Loan, you can check out your
options for free and with no obligation.
If you have credit problems, you still deserve to be treated
fairly. There are many companies who understand your needs
and have designed loan programs specifically for those who
have less than perfect credit.
