Obtaining A Bad Credit Loan To Consolidate Your Debt


Being in debt can be a stressful experience. Falling behind on your monthly debits and expenses could often result in legal action being taken against you and/or your credit record being black listed. Alternatively you could apply for a bad credit loan which will assist you to meet your monthly financial responsibilities and avoid both legal action and black listing.

A bad credit loan is a loan that one can take out from specific financial institutions for the consolidation of one’s debt. The team that you approach to assist you with this type of loan will usually assess your particular financial situation and then negotiate affordable monthly payment amounts with your various creditors. With the help of one of these counsellors you can expect to have greater negotiating power. Your counsellor will then arrange an official consent order from the court stating the payment agreement between the involved parties and to set in place a fixed monthly payment fee.

The positive side to obtaining debt counselling and a credit loan is that your particular case and financial concerns will be handled according to your own situation. Your monthly earnings, current debts and how much you can afford at the end of each month will be taken into consideration. The agreed amount will not be paid to the creditors but to the National Payment Distribution Agency who will ensure that your debts are handled correctly. Once all your debts are paid off or at such a time as you are able to handle your own debits, you will be provided with a clearance certificate which will enable you to apply for various credits and accounts once more.

Obtaining a bad credit loan is as simple as speaking to the professionals in the industry. Contact DebtCor for more useful information and advice on debt consolidations and debt review services. Waste no more time – make that call today.


  • SMS Relief to 34007

Leave A Message


Debtcor on LinkedIn