http://www.aboutcreditcarddebt.com/debt-consolidation/bad-credit-debt-consolidation.html Bad credit debt consolidation rocks the nation. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Got bad credit? If so, it feels like the weight of the world is on your shoulders. What's worse, you feel like everyone else knows it too, even though logically you know they don't. How could they possibly? It's not like you're wearing a big, bold "BC" on your shirt every day. It just feels that way. Believe It or Not, Help Is Available It's true. You have bad credit and you think help is impossible to find because surely you'd need a loan, right? And to get a loan you need good credit. Well, stop fretting. Bad credit debt consolidation exists to help you out of debt. It works by consolidating all of your monthly credit payments into one, so you only have one bill to pay each month, but at a lower interest rate. No loan is involved. To get started, search the Internet using the term "bad credit debt consolidation." Within seconds you will see pages of debt consolidation companies ready to help you. Most of them have secure, no-obligation questionnaires on their websites that help them assess your financial situation. Complete one of these forms for several companies. With 24 hours, or the next business day, representatives from these companies will contact you with their recommendations. Once you decide which company is best for you, a representative from that company will contact your creditors to let them know that you have enrolled in a debt consolidation program, and they will negotiate with those creditors to get you lower balances and interest rates. Part of these reductions may include the removal of past late fees and over-the-limit fees. Then you make one monthly payment to the debt consolidation company, and they divide that amongst your creditors. This is a lot easier than having several monthly bills to keep track of. And since more of your payment will go toward the amount owed instead of toward interest, you'll be debt free before you know it--usually within five years! And don't let the phrase "bad credit debt consolidation" make you feel bad. Debt consolidation, credit card debt consolidation and bad credit debt consolidation are all the same programs as the one described above. They just place more emphasis on certain components of the debt consolidation services more so than others. (For example--credit card debt consolidation focuses on your credit card debt more than other unsecured debts like medical bills and student loans.) Debbie's Story If you still aren't convinced, read Debbie's story. Debbie got deep into debt. Soon she could not handle her credit card payments anymore. She felt horrible, but didn't know what to do. She really got scared when her creditors started calling her to harass her about late payments and missed payments. (She was actually a little relieved when her phone got disconnected!) But then the letters started, threatening to send her accounts to collection agencies. Finally, she decided she needed help. A friend told her about debt consolidation loans, but with bad credit she wasn't sure how she'd get one of those. She went to the library and did a search on the Internet to see what she could find about bad credit debt consolidation loans. She found out she could get a loan with her bad credit, but the interest rates would be so high that she'd be paying forever. Finally, she found information about bad credit debt consolidation. She learned that bad credit debt consolidation didn't involve a loan at all, which was good news. Then she saw that she could be debt free--and have good credit--in 3-5 years. This was even better news! Still unsure about how to proceed (and a little scared, too) she decided to fill out online questionnaires for several bad credit debt consolidation companies. She finally found a bad credit debt consolidation company she trusted, and five years later, she was debt free! Go Debbie! If you need debt help, we hope Debbie's story has inspired you, as it has many others. We'd like nothing better than to help you become debt free. Just because you have bad credit doesn't mean you are beyond help. There are still a lot of options available to you through American debt consolidation and the like. Sat, 26 Jul 2008 15:00:00 EDT