Consolidating debt bad credit
Many states have their own debt collection laws that are different from the federal Fair Debt Collection Practices Act.
Your state Attorney General’s office can help you find out your rights under your state’s law.
I was able to get a loan to pay off all my credit cards and have one payment per month.
To decide if debt consolidation is right for you, contact a credit counseling service accredited with either of these organizations: If you have a problem with a lender concerning debt consolidation, you should first contact the lender.
If you are unable to resolve the problem, you can submit a complaint to the Consumer Financial Protection Bureau (CFPB).
If you're unable to pay your creditors, filing for bankruptcy can help you get a fresh start by liquidating your assets to pay off your debts or create a payment plan.
But you should first consider other debt management options.