If you have bad credit, you may be surprised at the range of debt consolidation loans that are available. You may be able to consolidate your debts and save a lot of money, or it may just be a matter of adjusting your spending habits.

The market is very competitive and you can find a variety of products for you and your family. Here are some examples:

Cash Advances. Credit card companies often make cash advances when you don’t have enough money in your checking account. To avoid these high-interest loans, you can arrange for the cash advance company to use your checking account to pay your creditors.

Unsecured loans. Some lenders offer a line of credit that you can use to pay for your debt consolidation loan, such as home equity loans, credit cards, or a car title loan. Keep in mind that the interest rate you will pay on a loan like this will be much higher than what you would pay on a loan with high interest.

Traditional Loans. This type of loan requires collateral to cover the full amount of the loan. You may have to give up your home or other valuable property in order to get this type of loan.

Business Invoice Loans. Sometimes you will need money for your business’ needs. Most companies will offer a line of credit, and it can help you pay your bills.

High-Interest Auto Loans. While this option has its advantages, you still have to be careful because car title loans are not a great deal for those with bad credit.

Other Credit Card Interest Rate Reduction Options. If you have one or more of your credit cards with a high annual percentage rate, you can reduce your monthly payments by asking your creditor to accept a 0% APR for a certain time period.

Government Programs. There are a number of programs that will allow you to consolidate your debt. These include offering special stimulus funds to debtors, tax incentives for debt consolidation, debt settlement programs, and more.

Pay Your Bills on Time

In addition to bad credit and a low credit score, there are also other reasons that can cause you to fall behind in your bills. If you use a payday loan or advance against a savings account, you may qualify for the FHA mortgage or no down payment mortgages, which may offer better rates on the mortgage than the regular mortgage.

When you take out a debt consolidation loan with a bad credit history, you can do your part to get it paid off. It’s important to pay the monthly minimums on your bill.

Bad credit doesn’t necessarily mean you won’t be able to get a debt consolidation loan. You may be able to find a loan that is offered for people with bad credit.