Are debt consolidation loans available for non-homeowners with poor credit?
Yes, there are many personal loans for people who don’t own their home and have bad credit. However, they are generally at high interest and can be difficult to pay off. Debt Management Another option that is available to people is credit card counseling. In a credit counseling program, you can reduce your interest charges and pay off your debt in 4 to 5 years. Unfortunately, enrollment in a credit & debt counseling program is reported to the credit bureaus, so you generally cannot start improving credit & obtain loans until your program is completed, however. Then again, your credit is already impaired, so saving money should be your top priority. Negotiating Bad Credit Card Debts Assuming you already have bad credit, debt settlement is most likely the best consolidation option. Debt settlement, also known as debt negotiation, involves working with credit card companies to lower the principal amount you owe. In all, you can reduce your debt by up to 60 percent, lower your payment subs
