How can i consoladate my bad credit if i dont own a home?
Answer:
A consumer credit counseling company can help. In many caseses their services are free or greatly reduced depending on your situation.
You need to contact a debt consolidation co. and remember to use one that will not ask you for a payment up front unless it is to pay your monthly debt payments.
you will have to have something the lender can use as collateral.
a car, motorcyle, etc..you'll prpbably have to pay a higher interest rate as well due to the past credit problems. good luck
let me show you this
"We have over 80 Little-known Banks & Companies that offer Bad Credit Loans, Bad Credit Home Loans, Bad Credit Auto Loans, and Bad Credit Personal loans to people with Bad Credit or even a Bankruptcy. Many require absolutely NO COLLATERAL & NO CO-SIGNERS. Home ownership is not required" it says no home required http://www.wesayes.com
You do not need a loan to consolidate credit card payments. Credit counselors can discuss options for helping you get back on track on your own. Depending on your situation, they may recommend a debt management plan to help reduce your interest rates and minimum payment. This is a consolidated payment that will help you eliminate debt while slowly rebuilding your credit.
You may want to find a reputable credit counseling agency in your local area. A state directory of credit counseling organizations is below.
A Credit Counseling Program would help you: Read more
http://www.complete-debt-info.com/catego.
It is a scam and I do not recommend going outside to an organization for this, if you can get a personal loan that is ok, if not work it out with your creditors.
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