Here is everything you will learn in the guide:
- Can you consolidate your credit if you have a bad credit score?
- Advantages of a consolidated credit loan
- What to be aware of if you have poor credit
- Consolidated credit alternatives
- Who can you contact about credit consolidation?
Sometimes people have several sources of personal debt, all with different interest rates and monthly fees and dates for making a payment each month. Ensuring you are on top of all your payments can be challenging and stressful.
In some instances, people in Edmonton with poor credit can get a loan for the total amount of personal debt from a financial company or bank. You will then use the money from the loan to pay off your money sources of debt. Credit consolidation might also not be the only debt solution available to you. Make you understand all your options first.
You might qualify for a consolidated loan if you:
- Have a credit rating that is in the fair, rather than poor, range
- Can put up an asset, like a house or car, against the loan
- Approach a lender known to loan to people with lower credit ratings