Bad Credit Consolidation Insurances – How to Get Out of Debt When You Have Bad Credit

If you have bad credit, why are you looking for another insurance? Bad credit consolidation insurances are not the answer. In the current economy, people with high credit scores are having a hard time getting insurances. Any insurance that you will be able to get because of bad credit will most likely have an interest rate that will be through the roof.

But just because your credit isn’t perfect doesn’t mean you can’t consolidate your debt and start working toward debt relief. You just wouldn’t do it with a insurance. Debt settlement and credit counseling are both options that do not require good credit and are not insurances.

Credit counseling includes a debt management program that consolidates all of your unsecured debts into one account. You make one payment per month to the credit counseling organization and they disburse it to all the lenders. Lenders work with your credit counseling organization to lower your interest rates and eliminate your fees. It requires a 2% payment each month and may take 1.75% as a hardship.

With an interest rate cut and a 2% payment, you’ll be out of debt in about 5 years. And the best part is that your credit will not spoil. If your credit counseling company cannot enroll you in one of their plans, they make referrals to trusted individuals or organizations that can help you. They even have resources that can help with mortgage problems.

If you’re in a situation where you don’t know where to turn, fill out the online form and a credit counselor will contact you. They will be happy to answer your questions without requiring you to do anything.