If you have bad credit you're probably paying high interest rates on your car loan, credit cards, and other things. If you're tired of this you have 2 options. You can refinance your home to pay off your other loans, or you can pursue debt consolidation. Debt consolidation for people is bad credit isn't as difficult as you may think. First check with your credit union or local bank. See if they offer a no fee personal loan. These are based on your credit score, but even with bad credit you should get a rate lower than credit cards.
Your second option is to refinance your home. If you have equity in your home you can refinance it and use the equity to pay off your other debts. This is slightly more difficult with bad credit, but not impossible. You will have a higher interest rate than a traditional refinance, but it will still be better than what you were paying.
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