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There are a few financial institutions that provide low-interest home loans without down payment. As they do not charge any down payment, they require collateral to give the loan. One can easily find these financial institutions by searching on Google and compare the interest rates as well.

A consumer loan is an installment loan so debt on that loan won't hurt your credit score as much as debt on a credit card that's almost to its limit, thereby making available credit more accessible. A consumer loan can also help by creating a more varied mix of credit types.

Debt consolidation is a wise choice if the individual is drowning in debt, and cannot negotiate any lower interest rates with their credit card companies.

Line-of-credit loans, Installment loans, Balloon loans, Secured and unsecured loans are few business loan types.

While consumer loans from reputable online lenders can be good options for many borrowers, you first visit your local credit union when shopping for loans. Most credit unions offer flexible loan terms and lower interest rates than online lenders, especially for people with bad credit.

Simply put, a consolidate loan pays off all or several of your outstanding debts, particularly credit card debt. It means fewer monthly payments and lower interest rates. Consolidated loans are typically in the form of second mortgages or consumer loans.