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Prosper is a good company to check out to get a debt consolidation loan. They advertise rates as low as 6.38% on their website, however that is most likely for less-risky borrowers. Rates are as high as 35%. Banks and credit unions will also traditionally loan out money for the sole purpose of combining your debts, however interest rates will be very high for those with bad credit, so it may not always be an advantageous route to take.

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Q: Which companies offer low cost loans for consolidating bad credit?
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