Bad Credit Debt Consolidation

1
Bad Credit Debt Consolidation

• One Way To Crush Your Debt

2
Your financial burdens can sure pile up quickly
these days.
3
It can seem like one day you are pretty stable,
then BAM!
4
Something happens and your personal finances are
on shaky ground.
5
Your finances can go from secure to having
6
you wonder exactly where you stand.
7
Not a good feeling!
8
If your payments are falling behind,
9
you worry about your credit score slipping.
10
What can you do?
11
There is some truth to the old saying
12
that the only people who can get credit are
13
the ones who dont really need it.
14
Your credit score may have been high
15
until the problems in the economy hit you.
16
Now you have late payments or you may be way
behind.
17
One way to get out from under the debt cloud
18
is to consider a bad credit debt consolidation
loan.
19
As you begin to look around you will see there
are options available.
20
Even if your credit score has been banged up a
bit.
21
If you have equity in a home or have a vehicle
that is paid off
22
you may be able to get a lower interest loan by
23
using them as collateral for the new loan.
24
Banks will give you a break because
25
they are much less at risk if you have
26
something tangible to secure the note.
27
If you dont have property to secure a note,
28
you will have to try to get an
29
unsecured debt consolidation loan.
30
These type of loans have a higher
31
interest rate and may have other fees or
penalties.
32
Even with the higher interest and extra fees,
33
a bad credit debt consolidation loan
34
could be just what you need to crush the debt
35
you have hanging over you.
36
The big thing is to understand the
37
terms of the loan and know
38
exactly what is expected of you.
39
(No Transcript)