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.