Blacklisted finance through debt consolidation loans is one way that you can turn your bad credit record into a good credit future. At some stage of your life you will need to borrow money and if you have not paid your accounts and bills on time then most lending institutions will be reluctant to give you secured finance. When you have a bad credit rating you are viewed as a risky investment. You are seen as unlikely to make the necessary payments on time and so are unlikely to get the financial assistance you need when you need it.To escape this vicious cycle then you should think about applying for blacklisted finance through a debt consolidation loan. This solution is also taking from your lending institution and often carries a low interest rate in comparison to all your other account payments. It involves taking out a bulk sum of money and paying off all the other accounts and bills that you have in one go. Having a number of accounts to pay every month can make it difficult for you to keep track of your repayments, and can mean varying rates of interest. A debt consolidation loan means that you will only be required to pay one account – your bank. You will be required to repay the value of your loan in monthly payments with a lower interest rate.So it is not impossible to borrow money if you have a bad credit record. It is just less likely that your bank will immediately jump at the opportunity. Remember that secured finance is the best route to follow in all events. Individual lenders can charge high interest on small loans which can leave you with more debt than you started with. Think about applying for blacklisted finance through debt consolidation loans if you want to get your finances back on track.