Daniel Major offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Are Debt Consolidation Loans For People With Bad Credit Still Available? Author: Daniel Major Category: Finance Word Count: 476 Keywords: debt, consolidation, finance, money, bills, loans, consumer, credit Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
Don't take my word for it, but bad credit consolidation loans are rare...very rare, but never give up hope of finding one because they do exist. It never used to be the case, but the decline of the economy over the past two years, due to the global fall out from the sub prime mortgage fiasco, has meant that lenders are reluctant to lend to anyone who doesn't have a credit history cleaner than a cake of Howard Hughes' soap, the job security of God and more collateral than Fort Knox (under the circumstances we had better scrap that one!) Joking apart, the situation has never been bleaker for people looking to reduce their outgoings by means of consolidation, especially for those who have no collateral. It's not all doom and gloom though; lenders are starting to be enticed by government bail out money and other 'encouragements', to open up their lending departments once again. However, they will need to employ a few cleaners (on short term contracts obviously) to wipe away the cobwebs and turn the calendars from 2007 to 2009! The problem still remains though for those with no collateral, as the likelihood is that increased lending will be on the lenders terms, which, if I was in their shoes, would be the secured loan route initially. For those of you with collateral great news you may have a chance. Those of you still here who are still waiting to read a glimmer of hope regarding applying for and gaining approval for a bad credit consolidation loans, I salute you. Your patience is outstanding. My advice would be to give up on looking for an unsecured consolidation loan, for the time being anyway, and concentrate on managing the debt you have. Debt management is what you need to look at and you can either get help from a non-profit professional debt management outfits or you can look to take care of business yourself, which is surprisingly easy and very fulfilling. Stop worrying about your debt and take action to control it or it might just be around your neck for a lot longer than it needs to be, the time will come when you will be able to get that bad credit consolidation loan your looking for, but for the time being you should check out as much information as possible. The financial institutions are the ones who have gotten you and I into this mess and it is typical that they refuse to help us out of it. They know all about the legal, moral and ethical methods of debt elimination that that are available and how effective they are at eliminating debt, (quicker than Donald Trump offloading Enron shares in fact!) and they don't like them. Perhaps it's the moral, legal and ethical part of these methods that the banks can't stomach. We already know they struggle with the concept! For more information and advice on debt consolidation ,or if you would like to know more about the little known method of debt elimination mentioned above, visit: http://www.creditcardconsolidationloanssite.com or, http://www.debtconsolidationinformationonline.com ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
