There are various other ways available to eliminate your personal debts such as, through mortgage, re-mortgage, bankruptcy, individual voluntary agreements etc. But, the bankruptcy and IVAs are not recommended as they are considered as bad for the individuals credit history. On the other hand consolidating debts through a loan or mortgage can help a person’s credit score.

Before applying for a bad credit loan, the borrower should ensure to obtain a copy of his credit report from a repu...

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Are you like many people with poor credit, trying to improve your financial situation? Trying to make ends meet? Constantly struggling to keep up the monthly repayments on credit cards or mortgage? If so, you might well be looking for a personal loan or a debt consolidation loan to ease financial pressures. Before you apply for this type of loan there are a number of things to consider.

Never borrow more than you can afford to pay back each month. Be realistic about what repayments you can aff...
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