If you still have a decent credit score, you may not want the negative effect on it that using a bill consolidation company will have. In order to do it yourself, you will need a copy of all of your monthly credit card and loan bills, plus a copy of your credit report. Verify all of your open credit on your credit report against the bills that you have to make sure that everything is accurate. Contact each creditor or bank to receive a payoff amount for each debt, you may be able to negotiate any penalties or fines that exist away in order to lower the amount. After calculating your total amount of debt, you need to find a bank that can lend you that amount to pay everything off at the same time. Some banks are much more likely to approve loans that are for paying off debt than regular loans.
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