Using many credit accounts, and even just having many credit accounts in your name, can negatively affect your credit score.
If you start to get behind on your credit payments and you start to get close to defaulting on your credit agreements, then you may find yourself in a situation where you need debt assistance but you have also developed bad credit.
A debt consolidation company is able to help people that have developed bad credit.
The job of a debt associate is not to judge your lifestyle, but rather their job is to make sure that they take a close look at your current situation and then recommend the solution that is right for you.
Even if you have bad credit and are not sure what kind of loan or assistance you would qualify for, you can still receive help from a debt consolidation organization.
Debt professionals have many tools at their disposal to help you get your monthly obligation back under control, and one of those tools is referred to as a secured loan.
A secured loan is a loan that is traditionally offered to people that cannot qualify for a loan because of their credit situation, and they are required to put up personal property as collateral to secure the loan.
Another option the debt expert can offer is debt settlement.
This is where the debt associate negotiates a low payoff amount with each of your creditors, and then creates a program for you with a monthly payment based on how much your creditors were willing to accept each month.
In this option it doesn't matter if your credit is less than perfect.