The imprudent management of debts results in the stacking of a multiple debts all adhered with variance concerning the installments and it really becomes a cumbersome affair to keep up with them on individual basis. This further does not help the matter if one is imposed a poor credit rating which reflects that he has not honoured the terms and condition of erstwhile loans. Bad debt consolidation provides a glimmer of hope in the way it piles up all existing debts and disposes them in one stroke. Worthwhile collateral like house, jewellery etc is required to be placed if one wishes to attain the secured genre of these loans which is not necessitated if one opts for the unsecured kind. Both have their pros and cons. A sense of security allows lenders to endow larger amount at lower ra loan repayment calculator te of interest and vice versa with secured and is unsecured loans respectively. So you may perceive that secured loans are better option but you should pay attention to the grey aspect of such loans. A none or deferred repayment can lead to the legal forfeiture of the collateral and also the value assessment of the same elongates he whole process of allocating the secured form of these loans. An unsecured loan remains intact with these deficiencies. An amount ranging from 5000 to 75000 can be procured and as mentioned earlier depends on the loan?s manifestation. Rate though a bit high (keeping in view one?s bad credit status) is affordable. Repayment tenure for secured bad debt consolidation lies anything in between 3-25 years which in case of unsecured form dwindles down to 10 years.