If my account has gone into collections, is it too late to consolidate my bills?

If my account has gone into collections, is it too late to consolidate my bills?

Not necessarily. If your account has gone into collections, you can still get a loan to cover what you owe and possibly get a debt consolidation loan. However, since you have account in delinquency you will have negatively impacted credit and it may be tough to get approved for a new loan.  What might work better if your account has gone into collections is to negotiate with your lenders. This is called debt negotiation.  Both debt settlement / debt negotiation firms and many credit counseling firms will allow you to enroll into their debt consolidation programs even if your accounts have gone into collections.

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