Bill consolidating loans
One of the advantages of this debt relief program is that you don’t need perfect credit.
In fact your credit score doesn’t matter at all, everyone is accepted.
A debt consolidation loan may be a great option for you.
But how do you get a debt consolidation loan with bad credit?
You may be able to qualify for a cash-out refinance with bad credit as low as 620.
There are several credit cards out there that offer a 0% initial interest rate between 12-24 months.
To qualify for the balance transfer cards you typically need to have at least an average credit rating.
This will help you pay off the debts much faster and save a lot of money in interest.
A home equity loan is also called as a second mortgage.
HELOC stands for a home equity line of credit and works like a credit card. A home equity loan will have lower rates than a debt consolidation program.
So, if you have bad credit what are your options for consolidating your debt? Transactions are not always black and white, relationships play a big part in a credit union.
If you have been with the same credit union for a long time the likelihood of getting approved for a debt consolidation loan with poor credit is increased.