I Have $5,000 in Debt and Bad Credit. How Can I Consolidate It Safely?

Core Insights - The article discusses the challenges faced by borrowers with high debt and low credit scores, emphasizing the importance of debt consolidation as a potential solution [3][4] - It highlights the role of AmONE in helping borrowers compare consolidation offers without impacting their credit scores, thus providing a pathway to better financial management [6][8] Group 1: Debt Consolidation - Debt consolidation is beneficial when debt is spread across multiple high-interest credit cards, particularly those charging 25% to 30% [5] - Borrowers with credit scores below 580 often face interest rates around 30%, making consolidation less effective if current balances already carry moderate rates [4][5] - AmONE allows users to compare personalized loan offers starting as low as 6.49% APR, helping them make informed decisions [4][8] Group 2: AmONE's Services - AmONE's free matching tool enables users to review multiple consolidation and personal loan offers quickly, without affecting their credit scores [7][8] - In the past year, over 100,000 personal loans were funded through AmONE, managing more than $1.5 billion in debt in 2024 [6] - The platform helps borrowers avoid predatory lenders by providing a side-by-side comparison of prequalified offers [8]