Asked by Tonya  |  Submitted January 18, 2017

What is the best way to consolidate debt if you do not have good credit?

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  Answers  |  1

January 18, 2017

Hi Tonya,

This is a great question and one that a lot of people face. There are a few options, one is considering debt restructuring instead of debt consolidation.

Debt Consolidation vs Debt Restructuring 

Another is to look for other ways to pay off debt, such as the one detailed in the answer to this question to another MoneyTips user:

What is the best way to get out of debt if your credit score isn't high enough to qualify for a consolidation loan?

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