Be Aware

There are a lot of bad credit consolidation loans out there.  Be aware!  A friend of mine was desperate to get out of debt and she thought she did some thorough searching to find the right one.  She came across a company that advertised that they were trustworthy (probably a red flag) and honest, and inexpensive.  So, she went with them.  They promised a big loan, had her fill out all this paperwork, then, they asked for a small deposit of $250, refundable after her first payment was made.  This was made to seem legit like they do this as a normal thing to secure the loan.  Well, long story short, she never got the loan and she never saw her $250 again.  So, be aware out there, do further research and ask around.