http://www.debtrelieffreedom.com/credit-consolidation/bad-credit-consolidation.html Bad credit consolidation can help those with even the worst credit. en-us Wed, 23 Jul 2008 15:00:00 EDT Wed, 23 Jul 2008 15:00:00 EDT Weblog Editor 2.0 You've got bad credit, so you know what it can do. You can't get a credit card anymore, and you just forget about a loan that doesn't come with astronomical interest rates or a mortgage! However, help is available in the form of bad credit consolidation. How Bad Credit Consolidation Works Bad credit consolidation doesn't involve a loan, so you don't have to worry about high interest rates. In fact, when you enroll in a bad credit consolidation plan, a credit consolidation expert will contact your creditors to get your balances and interest rates reduced. As part of this process, they may even be able to get past late fees and over-the-limit fees removed. (At $20-$30 a pop, that can add up fast if you've had a lot of them.) Once the balances are reduced, they are combined, and you make one monthly payment to the credit consolidation company instead of multiple monthly payments to your creditors. In some cases, your credit consolidation expert can convince your creditors to report any late or delinquent accounts as current once they have received a few on-time payments in a row. That's another benefit of enrollment in a bad credit consolidation. Because of your background, if you try on your own to accomplish what a bad credit consolidation can accomplish for you, your creditors probably won't cooperate because they don't trust you yet. But they have worked with bad credit consolidation programs in the past and know the good they can do, so they're willing to work with them. When you enroll in a bad credit consolidation program, your credit consolidation expert might recommend credit counseling for you. This is wise advice. Credit counseling can teach you how to budget so you can live within your means, how to save so you can plan for the future and how to use credit wisely to avoid ever being in debt again. Wed, 23 Jul 2008 15:00:00 EDT