Get debt consolidation loans to pay off your creditors even if you are blacklisted by using your property as a form of security against the money you wish to borrow. This is basically one of the only forms of finance anyone who has a bad credit record or is on a companies blacklist as being a bad or slow payer can get access to. You see, your credit history is recorded unfortunately so if you have skipped a few payments on previous finance agreements and ar behind for whatever reason, it can be extremely difficult to get a credit provider to trust you, unless you own property.
Owning property helps you get debt consolidation even if there are marks against your name as being a poor payer or a high risk because then the lender has security on the money you borrow from them. If you end up defaulting in some way and not being able to pay back the money you borrow from a lender and you have signed over your house as security against a loan then the lender is within his or her rights to take your house or property. This makes it more of a risk to the borrower actually and those looking for a good debt consolidation loan need to think very carefully before signing property as security.
Only if you are convinced that you will not default on the monthly repayments should you be seriously considering signing your house or any other property as security on finance, especially if you have a family and may put their livelihood at risk. Do your calculations and make sure you can cover the monthly repayments if you have to borrow in this way and with some financial providers you may even find that the interest rate is negotiable on the payback terms which can save you a lot of money in the long run. With so many people being considered a high risk and getting bad credit records and marks against their names in the current financial climate, signing property as security against borrowed money is about the only solution when looking for a good debt consolidation loan to take out even when you have been blacklisted previously.