Bad Credit Debt Consolidation Loan:

Debt Consolidation Companies

Personally, I think it is a bad idea to consolidate your student loans with a credit card. You’ll likely get a much lower interest rate on the student loans than you ever will if you try to take out a loan from someone else to pay off the student loans.

For the student loans, however, you can and probably should consolidate them. Go to the Federal Student Aid website (link below). There is information there on how to consolidate the loans. You’ll have to work with them to get the loans current but they are very helpful and will likely even give you a lower interest rate than you currently have. Trust me on this. You’ll get a much better deal from them on student loans than you will from any bank or other lendor. If they see that you are making an honest effort to get the loans out of default, they’ll work with you. But every month you wait, you’re just getting more and more dings on your credit score. Student loans are reported just like any other debt. There is an 800 number on there somewhere and I found that I was able to work out a much better deal by calling them and talking to a human than I was by trying to do the whole thing on line.

As for the credit card, start paying as much as you can towards it and get it paid off as soon as possible.