Due to global economy crisis, many people are carrying tons of debt and they fail to get rid of it. One of the workable financial solutions is obtaining debt consolidation loan. However, for people who already have poor credit rating, is there any possibility for them to get the loan?Don’t worry. The chance is still there. There are FOUR alternatives you can take:Option 1: Consider getting friendly loanI am sure many of you do have family members and friends who are willing to provide financial assistance for you. When you are drowned in debt, you are encouraged to look for someone you know and borrow some fund from them. By getting friendly loan, you are able to eliminate your debt and at the same time, you don’t need to pay the interest through the nose. For people with very strong dignity, you may not like to choose this option. Let’s proceed to the next option.Option 2: Consider applying for an unsecured loanBe frank, when you are having bad credit, getting an unsecured loan is quite challenging. Many lenders are unwilling to offer loan to people with poor credit. However, if you can get someone to be your co-signer for the loan, you still can obtain an unsecured one.Option 3: Consider applying for a secured loanThis is considered the best option for individuals with bad credit. In order to obtain this, you are required to back your loan with collateral. There are many different types of collateral, such as houses, lands, vehicles, and so on. Getting a secured loan is not hard if you use collateral. At the same time, you can utilize this loan to rebuild your credit. What you need to do is to pay your monthly repayment on time so that you can establish your trustworthiness with your lender.Option 4: Look for debt consolidation loan providerIn United States, there are many different types of debt consolidation companies which are willing to provide you loan even though you have a very bad credit. By signing up the loan package offered by the lender, you will be able to pay off your existing debt with your new loan. At the same time, you will be enjoying lower interest rate for your newly obtained loan. In general, the professional loan providers usually provide free consultation and guidance to their clients so that the debtors can manage their debt wisely through proper budget plan.In conclusion, having a very bad credit is not the end of the world. You still stand a chance to obtain debt consolidation loan. You are advised to utilize the loan smartly so that you can get your finances back to normal.