Yes, there are unsecured debt consolidation loans for bad credits, as well as there are “free debt consolidations”. The main pitfall of this deal lies in the poor qualification of the suspicious lenders. Lots of online companies offer such option but not all of them are reliable lenders.
Therefore, it’s crucial to familiarize yourself with the reviews of the company. Personal Money Service has recently launched reviewing services. So, you can apply to our fair reviews. Furthermore, you can apply for debt consolidation and we will try to find a suitable lender.
Still, if you apply for debt consolidation with bad credit, you should be ready for certain unprofitable terms or high interest. If you can’t provide a good credit, you must sacrifice something. If you have time, you should better improve your credit and apply for affordable debt consolidation.