A lot of us out there have bad credit and if you're doing something about it, that's great! You may be in the process of trying to find a debt consolidation loan, when you have bad credit. Since these types of companies work with just about anyone, you're not going to have a problem finding one.
How does the process work?
What a legitimate company is going to do is simply ask you a few questions. They will ask you how much debt you have? Where is your debt coming from? What are your interest rates? You will want to be prepared when you talk with someone over the phone. Most of the time, they won't really worry about your credit score.
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What they are going to do once they gather up your information is that they will haggle with the credit card companies on your behalf. Let's say that you owe $6,000 on one credit card. They may be able to get that balance down to $3,200, saving you thousands! Of course, they are going to charge you fees, but you will most likely save more than if you did it yourself.
How can I find a bad credit loan?
* Do a search online -- Use the local search to find companies
* Use the Yellow Pages
* Ask friends / relatives
When you do search for a company, make sure that they have a good reputation online, and also make sure that they are registered with the BBB. This is very important!! By being registered, you will be able to see if there any complaints filed against them.