Ddebt consolidation loan with bad credit?

I was just about to try that last month . Look up the company on rip off .com to find out information about them. Most are accredited but just remember you will actually spend more money through a consolidation company than you would on what you actually owe on your debt . this is how it work’s . They give you a quote on the monthly payments you will be making . A partial payment will be made to your collections over time. about 30- 50 dollars will be their service fee every month to the consolidation Company you are working with . This means that over time you actually be spending a few thousand dollars more than what you actually owe that’s why they have you pay you monthly bill for a period of 2-5 years so they can make the monthly fee from you for 2-5 years. I owed Only about $1200 in collections and they quoted me to have them all paid off through them for three year and with the fee’s it actually came up to $4000 by the time I would be done making all the payments. As soon as you sign up with them they sometimes trade your account with other companies and really screw with your banking account , and many customers complain that it’s really hard for you to stop making payments meaning most will actually continue to charge you monthly payments long after you have settled your debt. YOU CAN pretty much deal with your creditors your self rather than going through a consolidator , you can even make deals with your creditors your self to lower payments.