Debt Consolidation Loans for People with Poor Credit

Debt Consolidation Loans for People with Poor Credit

To get out of debt you may want to consider a debt consolidation loan. Debt consolidation loans allow you to pay off all your high-interest credits cards or multiple debts that have high payments. In exchange, you end of up with one payment, and in some caStreet sign guiding you towards financial freedomses, a lower payment than what you were paying with your combined debts. Thankfully, debt consolidation loans for people with poor credit are available.

Personally, I believe that getting a debt consolidation loan to pay off all debts is better than debt settlement when working with a debt settlement agency during negotiations of your debts you are advised to stop making payments. This is obviously not favorable for your credit. Missed payments will cause you to lose many points on your credit scores.

In the case of debt consolidation, no payments are missed. You apply for however much money is needed to pay all your balances in full. This results in a boost to your credit score, especially paying off your revolving credit, your credit cards. You only will have one payment to make to the creditor that you got the debt consolidation loan from. I have listed a few options below.

Bad Credit Loans advertisement for debt consolidation loans

The name says it all, even with bad credit you can get this loan to consolidate your debts. They have been in business and helping those with bad credit since 1998. The APR (Annual Percentage Rate) for these loans range from 5.99%-35.99%. Bad Credit Loans has a simple application process with straightforward directions. You can access their website by clicking here.

Curadebt

Curadebt is a debt relief company that provides many services with debt consolidation being one of them. They have been established since 2000. Curadebt has excellent online reviews and ratings. You have a choice between secured/unsecured debt consolidation loans after you have paid off the balances on your debts you can get credit restoration services from Curadebt.

PersonalLoans.com

Personalloans.com takes an easy convenient approach with loan amounts ranging from $1,000 to $35,000. Depending on the loan terms, repayment time frames range from 6 to 72 months. The rate of the APR (Annual Percentage Rate) depending on the terms of the loan range from 5.99% to 35.99%.
Personalloans.com do have loan requirements:

advertisement from PersonalLoans.com for credit card debt consolidation loan up to $35,000

  • You must be 18 or older, have a valid SSN card and be a legal citizen or permanent resident
  • You must have a full-time employer, self-employed, or receive reliable income such as Social Security benefits or disability. Income verification may need to*
    be submitted.
  • You must have a bank account; this is where your funds will be directly deposited
  • Excellent or good credit is not necessary; however, you must demonstrate that you are responsible
  • No accounts more than 60 days late
  • No active or recent bankruptcies
  • No pattern of late payments
  • Debt must be covered by income
  • No recent charged-off accounts

The types of loans given are peer to peer loans, personal installment loans, and bank personal loans. These can be used to consolidate your debts. If you have any further questions or comments feel free to ask.

Curadebt get out of debt today

Best Debt Management Plans

To get your debts under control you have two choices; either manage yourGetting out of debt own debt or find the best debt management plan that you can. If you find that you are not very disciplined at following a budget I would recommend the latter. Below I have outlined a couple options that I consider to be the top debt management plans that are offered.

Accredited Debt Relief

Reduce your Debt

Accredited Debt Relief provides multiple options such as bankruptcy consultation services, debt consolidation, debt management and debt settlement services. They have over 20 years of experience in the debt relief and financial services industry.

Accredited Debt Relief has an A+ with the BBB (Better Business Bureau) and their members are all AFCC (American Fair Credit Council) accredited. They are listed as one of the nation’s top-rated debt consolidation companies in ConsumerAffairs.com, ConsumerAdvocate.com, BestCompany.com, Top10DebtConsolidation.com, and ELegitimate.com.

Woman upset about debt

Accredited Debt Relief has posted their settlements that their negotiations team has achieved on their website with some of the largest financial institutions. They offer loans in the following states: AK, AL, AZ, CA, DC, FL, IN, MD, MI, MO, NC, NE, NM, NY, OH, OK, SD and VA. Accredited Debt Relief does not provide the debt relief services, they have a network of partners that they match you with.

CuraDebt

Link to form for free savings estimate for debt assistance

Curadebt provides a wide range of services such as debt relief, debt settlement program, tax debt relief for IRS and state tax debts, debt negotiation and debt consolidation programs. Curadebt provides debt relief services to all states except the following: CO, CT, GA, ID, IL, KS, ND, NH, OR, SC, VT, WA, WI, and WV. In addition, their tax services and not provided in CO or IL.

There is a wealth of information on their website; they even provide information on how to select a reputable debt relief and tax resolution company.  In addition, they have a lot of information about their different plans and services with definitions about each type of service. I found their website to be very informative.

Curadebt has been in business for over 16 years and they have excellent reviews from their previous clients. What sets them apart from other companies is that after you successfully complete their debt relief program they give you an opportunity to work with a credit restoration company. For the past 9 years, Curadebt has been rated #1 or in the top 2 in Top Consumer Reviews for “Best Debt Relief Companies”.

Debt settlement evaluation

The Curadebt program has also integrated with FDCPA/TCPA (Fair Debt Collection Practices Act/Telephone Consumer Protection Act) protection which can result in monetary rewards for their clients in addition to debt dismissals. They are certified members of the AFCC (American Fair Credit Council), IAPDA (International Association of Debt Arbitrators), US Chamber of Commerce and more.

Curadebt’s prices are on average 20% lower than that of other debt relief companies and programs.

In short, if you are contemplating using an agency to help you resolve your debt issues the above options are top-rated resources. If you have any questions or comments feel free to leave them below, I will get back to you shortly.Get out of debt