To get a debt consolidation loan, you must be 18 years or older and a legal U.S. resident. You must also have a bank account and
not be in bankruptcy
or foreclosure.
If you have bad credit and are considering a debt consolidation loan, you might already be in a financial rut. This can make it difficult to improve your financial standing.
If this is the case, you can search for lenders that specialize in helping people with bad or average credit and be sure to shop around for the best rates and terms that you can get.
If you’re in a pinch and need to consolidate your loans to make them more manageable, then your best option may be to get a personal loan or a debt consolidation loan.