Debt consolidation for those with a bad credit history


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Building Credit History » Debt consolidation for those with a bad credit history

Debt consolidation for those with a bad credit history

Updated: September 27, 2018

The content is accurate at the time of publication and is subject to change.
Bad credit history is something that all of us are faced with at some point in time.  People sometimes end up in this situation, due to poor financial planning and bad spending habits, but at other times the reason could be genuine and due to certain unavoidable circumstances. However, one must never look back and think that having a bad credit history is the end of the world. There are millions of people who are in debt, and have a poor credit rating with the credit bureaus. Moreover, even with a poor credit score one can easily work around the problems and try to fix them. Debt consolidation is one workable solution to get out of bad credit. So, if you are seeking to stop paying high interest rates and lowering your overall monthly payments to pay off your debts much sooner, then you must seriously consider debt consolidation. Debt consolidation loans are the solutions to sorting these problems out, as they offer some practical, and simple ways to consolidate all of your high-interest credit card debts into one, and thereby making the monthly payments manageable. There are top lenders who offer the lowest rates on these bad credit debt consolidation loans as they have a simple no-obligation and easy processing policy. Debt consolidation is very important as it becomes easier to keep track of one single payment each month instead of multiple payments with different due dates that one would normally have to keep track of. Most people are unaware of the fact that even with a bad credit score one can avail loans, mortgages, as well as debt consolidation loans.  Debt consolidation is the most viable solution to get back on track easily. Lenders do understand that sometimes there are genuine problems that cause debt, and sometimes it is beyond a person’s control, and hence they are accommodating when it comes to someone who has a less-than-perfect history. Just merely having a bad credit history should not prevent a person from accessing, the necessary tools and resources that are required to get back on track, and repair their credit rating with the banks.  The whole bad credit debt consolidation loan processing can be finished in a matter of minutes.  The lenders will ensure that you will get to avail the best rates on the bad credit debt consolidation loans. At the moment, the rates are pretty low and this is certainly the time to take a step towards bad credit debt consolidation loans. These loans provide a practical solution, and it is also a very cost-effective way to fix the problems of the past. Once these problems are fixed, then bad credit will become a thing of the past, and your credit score will automatically go up. Most lenders have a hassle-free, no-obligation policy and getting a debt consolidation loan will help to rebuild your finances, pay off your debts, and lower your monthly payments, while improving your credit rating.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Autumn 2018: Best Rewards Credit Cards for Thanksgiving Shopping

Posted: November 8, 2018

Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving ... Continue reading
The Best Credit Card for Earning Cash: Discover it® Cash Back

The Best Credit Card for Earning Cash: Discover it® Cash Back

Posted: November 2, 2018

You’ll have hundreds of dollars in your pocket in no time because you’ll earn money back on every purchase you make with this card. There are no restrictions on the amount of cash back you can get, and Discover even matches every penny you ... Continue reading
Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Top 5 Cards for Travel from Our Partners: Autumn 2018 – Expert’s Choice

Posted: October 10, 2018

Nights are drawing out, the wind is colder every day and you already feel the lightest breath of winter on your face - autumn is here. Holidays are over, kids are back to school and all you are left with are hefty holiday bills that you ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!