America's Lending Partner  - Poor customer service;  - Very good rates;  - Fast processing times.
	Lenders Block  - Bigger online lender, thus better rates;  - Poor outsourced customer service;  - Provide consultation services if    requested;  - Fast processing times
	Credit.com - Debt Counseling  - Consumer oriented debt counseling    service;  - Offers great deals for consolidating debt;  - Small debt amounts accepted;  - No credit checks.

The options for people looking to consolidate their debts is very wide especially with the industry opening its doors with so many different products and counseling services aimed squarely at those who need debt management services. This however can’t really be said for people with a bad credit history. Despite the influx of new loan and service products, the debt consolidation market has traditionally been very careful when it comes to customers who don’t have good credit histories. This however can be remedies as we will show you ways in which you can still get the same level of service despite less than adequate credit histories.

The first thing that many customers will notice is that even if they do qualify for a bad credit debt consolidation loan, the interest rates charged are almost ridiculous. The terms attached to the loan will be very tight and make the loan look very unappealing. There is a way around it. The first thing that must be understood is that there are two types of loans, secured loans and unsecured loans. Most debt consolidation loans quoted are normally unsecured loans meaning that you offer nothing more than a promise to pay back the loan. Bearing in mind the bad credit history, bad credit customer’s promise to pay back isn’t very strong. This means that the level of risk that the lender is exposed to is increased meaning they would need to increase the interest rates to justify the risky loan.

On the other hand we have secured loans. This is an alternative loan product which requires the customer to provide collateral as security for the loan. The main benefit of these types of loans is that the lender does not see the additional risk of the customer’s bad credit history as the loan is backed by assets. Subsequently, the rates charged will also be much better and the terms of the loan will also be friendlier. Those with a bad credit history looking to debt consolidation loans should seriously consider these products because of their significantly better rates and terms.

Another less known service that is normally offered is a debt management service offered by finance consultants and not actually lenders. The purpose of this service is to help the customer negotiate better rates with their lenders and also manage their debt so that paying off the balance will not run your finances into the ground. These services are especially useful if you have a bad credit history and your debt levels are going out of control. These consultants can negotiate better rates on your behalf and also provide important advice on how to better handle your finances in the future.