http://www.americandebtgirl.com/bad-credit-debt-consolidation.html Bad credit debt consolidation can help turn bad credit around. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Got a lot of debt--and bad credit to boot? Don't worry--help is available in the form of bad credit debt consolidation. Turning it Around If you're drowning in debt and things feel hopeless, we're about to provide you with a beacon in the night. It's bad credit debt consolidation. You may or may not have heard of debt management programs like debt consolidation or debt consolidation loans, but because you have bad credit, you don't think your eligible. Well, think again. When it comes to debt consolidation programs, it really doesn't matter if you have good credit or bad credit. And calling a debt consolidation program a bad credit debt consolidation program is just to grab the attention of people with bad credit and let them know that help really is available for them too. Bad credit debt consolidation works just like any other debt consolidation plan, whether it's credit card debt consolidation, online debt consolidation or a basic debt consolidation program. But if you have bad credit, it's even more advantageous. Okay, first of all, when you enroll in a bad credit debt consolidation program, a debt consolidation counselor contacts your creditors to get your interest rates and monthly payments reduced. Then they combine all those new, lower balances into one, and you make one monthly payment to the debt consolidation company instead of all those payments to your creditors. Then the debt consolidation company distributes the payment to your creditors. The result? You're debt free in five years thanks to the reduced interest rates. And that's a basic debt consolidation program. But if you have bad credit, chances are your creditors are hounding you about your payments (or lack thereof). But enrollment in a bad credit debt consolidation can put a stop to all of that. Once you enroll, they are legally required to contact the debt consolidation company instead of contacting you. In addition, after your creditors have received a few on-time payments, your debt consolidation agent might be able to convince them to "re-age" your accounts, meaning your creditors will be willing to report your accounts as current instead of delinquent, thereby improving your credit immediately. And that might be the biggest benefit of all! Sat, 26 Jul 2008 15:00:00 EDT