I need to find out where I can a debt consolidation loan, even though I have bad credit due to some unforseen circumstances in life. Has anyone gone through this and who do you recommend? What about filing for bankruptcy - how long does that take before the debts are discharged?
4 responses so far ↓
1 tudorjason (matt)
Bankruptcy is the last resort. Try a credit counseling service or a debt management plan. The only thing they promise is to help you pay your bills and get back on your feet.
Good luck.
2 Ervin
Bankruptcy results in a 160-220 point deduction on their credit score. A bankruptcy will remain on a credit score for at least 7-10 years. If a delinquent account is added to the individuals credit file, 70-120 points are subtracted.
And during bankruptcy or after, you would face problem purchasing, leasing and getting loan.
So it would be advisable not to file bankruptcy and try to pay your debts. If you are not able to manage it yourself, you can take help of any debt consolidation company.
Here is the source of debt consolidation company for your reference.
3 Marry M
need a bad debt loan for debt consolidation .don’t worry its better for you to try for an online loan.i think that the below website will help you to find right solution.
4 blogger
try here they will be able to give you a free analysis on your debt and consolidate your debt or settle it.