Credit Union Loan
If you belong to a credit union it is possible that there is credit card debt help available to you. Credit union loans are a way to get ahead of your unsecured debt load. A credit union is similar to a bank but the major difference is that the credit union is owned by its members. This makes them more inclined to help their members to over come their bad debt.

They will work with a member to get out of debt by granting them a credit union loan. They also provide a host of other services for their members. There have been studies that show that as far as lending institutions are concerned credit unions are at the top of the list for the help they provide their members. You can get a bad debt credit union loan, a car loan and even a mortgage loan form your local credit union.  If you are in the lower income brackets your chances of getting a bad debt credit union loan is greater than it would be at a bank.

You have to meet the requirements for the credit union loan but if you do you can be on your way to debt free in no time at all. For those who do not qualify for a credit union loan you do have other options for bad debt consolidation. You can find yourself a qualified credit counseling service that can help you to develop a debt management plan. This will include negotiating with your creditors to get you deals on everything. They will propose lower interest rates; they can also negotiate for the reduction or elimination of some fees and penalties.

This is not like a credit union loan, your debt will not go away, what you will get is a chance to pay them off over time. This is debt consolidation without a loan. It is called consolidation because you send one payment a month to the counseling service and they will then disburse the monthly payments to the proper creditors.

There is also the option to go into the debt settlement programs. These programs are great for those who have debts that are already very delinquent. This program will mean that your credit score will take a hit. But the beauty of it is that the credit score is already in the negative and there is no way to go but up. If you are in either of these situations you can fill out a form for Debt Consolidation America. Within 48 hours you will receive a call that could change your life.