If you’re trying to consolidate credit card or other debt and you have bad credit history, there are quite a few options available on the internet. Whether you’re looking to consolidate credit card debt or other kinds of debt, it can be a challenge searching online to find the best loans. Here’s a short overview of what types of debt services are available online.
Since you’re looking for a loan to consolidate your debt, you will need to qualify for the loan – this still applies to you. If you own a house, you might be able to get an equity loan using any equity in the house or you might even be able to go above the appraised value of your home in order to get the financing you need.
It’s also quite possible that you can still qualify for an unsecured loan, which can consolidate your debt with one low monthly payment with no ties to any of your assets.
Many companies will help you manage your debt without having to use another loan. Typically these companies charge a fee and then negotiate lower interest rates with your creditors and manage your monthly payments. There are various ways to do this and every company is different. Usually these techniques (and just simple money management) will save you money to start paying down the principle on your credit balances.