Can I get a debt consolidation loan with bad credit?

By pcgumban | December 22, 2009
mrbearpro asked:


I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills, etc

I have student loans, but I would like to consolidate them separatley and not through another loan.

Also, I have an auto loan, would the loan be able to cover that as well?

Please, real answers, and no opinions/judgements.

Thank You.

Charmaine

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2 Comments

  1. millenium_ryan
    Posted December 24, 2009 at 7:38 am | Permalink

    You probably could however the interest rate may be high. I would start with your own bank as they know you the best. I work as a customer service agent with GMAC where I deal with people asking about refinancing all the time and I refer them to their own bank or credit union. They might be able to work out a deal because you have a “professional/personal” relationship with them.

  2. Glen G
    Posted December 26, 2009 at 9:48 am | Permalink

    The debt consolidation loanold loans are replaced with harassing phone calls and overdraft charges late fees and daily mail.