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I just got my credit report and my credit rating is a sad 550. The report says I owe $ 1,972 with 7 bad credits. How can I start taking care of that to raise my credit score? Is there a low debt consolidation loan I can get somewhere?

3 Thoughts on I’m looking to consolidate my debt that is on my Credit report?
  1. Reply
    November 1, 2011 at 7:56 pm

    Well a debt consolidation loan will be a good start to get you going in the right direction. Make sure you have collateral as that is required in order to receive a debt consolidation loan, a unsecured debt consolidation loan is very rare as it is a big risk for lenders to take.

  2. Reply
    November 1, 2011 at 8:31 pm

    it will be difficult for you to do this owing under $ 2,000. I would recommend that you talk to your creditor and work out a way to pay them off yourself.

    Good luck.

  3. Reply
    Rory N
    November 1, 2011 at 8:57 pm

    It seems to me that the issue here is not about moving your debt around but the fact that you can’t afford to pay the debt you’ve got now. The interest rates you are paying now don’t seem so bad but as long as you don’t earn enough to pay for it.

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