Some people who have bad credit are looking at bill consolidation loans to lower monthly payments. It's possible, but you have to do a little homework to prepare. The following steps will help you get a bill consolidation loan even if you have bad credit.
The first step consolidating your bills is to get all of your monthly bills in order. This includes any bill that has a balance and an interest rate. Make sure you have your last monthly statement for each bill and that they contain the total amount owed, your interest rate and your monthly payment.
Once you have all of your monthly statements put together, you need to find a bank or credit repair organization to work with to secure a loan. A good place to look if you need cash immediately is the Stought Web Channel Guide. This website list most major banks and instant cash companies for those with bad credit.
There are some companies that also counsel you on spending habits and receive federal funds to help consolidate bills for those with both good and bad credit. If you search for "bad credit loan consolidation" you can see many options here.
Make sure you bring all bill statements when you go for a meeting so the organization you are working with will know exactly how much you owe. The more information you can provide initially, the more likely your advisor will be able to help you.