Can I get a debt consolidation loan even with bad credit?

Submitted by DianneB on Tue, 10/07/2008 - 07:34.
Here's my question I would like to get a debt consolidation loan for my outstanding debt from closed credit cards, old utility bills,student loans,etc... but I would like to consolidate them separately and not through another loan. Also, I have an auto loan, would the loan be able to cover that as well?
What to do when you get into trouble with debt ›

Yes you probably could, but

Submitted by Thomas7 on Tue, 10/07/2008 - 07:40.
Yes you probably could, but the interest rate may be high. I would start with your own bank as they know you the best. I work as a customer service agent with GMAC where I deal with people asking about refinancing all the time and I refer them to their own bank or credit union. They might be able to work out a deal because you have a "professional/personal" relationship with them.

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