Consolidating your debt with bad credit

Virtually all credit scoring models take into account the amount of your revolving balances in comparison to your available credit limits.

The closer your balances get to your credit limits (known as “utilization”), the more this factor will hurt your scores.

If you are nearly maxed out on one or more credit cards, your credit scores have no doubt taken a hit.

Want to see how your utilization is impacting your credit scores?

A debt loan consolidation can aid you to streamline the reimbursement method by transferring numerous debts into a single different consolidation loan. It's almost too common these days to accumulate debt by using high interest credit cards.

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You can check two of your credit scores for free and get a personalized action plan for building your credit on

Debt-to-Income Ratio: Lenders will ask about your income in your application and typically compare your monthly payments on all your debts to your income.