A good personal/debt consolidation loan for bad credit?
Due to the little bad choices we done when we was younger, my credit is reduction than stellar. I’m seeking for the loan for about $6000 to conslidate debts. we do have the credit-worthy co-signer, though I’m only wondering if there have been sure institutions which have been improved than others for this sort of situation.
Why do you need to consolidate?
The only way it can reduce your payments is to lengthen the loan, so that you pay even more later.
Do you have a written budget, that tells you where your money is going every month? If so, try to find ways to squeeze out extra cash.
Ramen noodles instead of steak (not forever, just for now until you get the loans paid off)
Sell the car, buy something cheaper, and use the difference to pay off the debt.
The main thing to look out for when signing, is that
a) you get a loan that charges less interests than you are paying now
b) the interest rate is FIXED.
these are obvious points but I did see people that ended up getting a loan with higher interests (!?!)