If you have bad credit history and looking for bad debt loans, then I feel this article will help you a lot. Here, we will discuss specifically about your options, advantages and disadvantages as well as care which should be taken while applying for bad debt loans. After reading this article, you should be able take informative decisions as far as loans with bad credit are concerned.So, what are the options are available to you if you have bad credit history?First of all, if due to any reason you have bad credit history and now want to take a decisive action on your finances then don’t worry; now you have many options which are available in the market for you. Many financial institutions, government as well as private are giving bad debt loans to people having bad credit history.What types of loans which are available for you?There are mainly two types of loans which are available to you.1. Unsecured debt consolidation loans2. Secured debt consolidation loansWhen it comes to secured loans, I can say that these loans are easiest to get as your one of the assets like home or car will act like collateral for the bank. Due to the secured nature of the loan, you get your consolidation loan at very low interest rates. These loans are available for 5 to 25 years.Unsecured consolidation loans are also available to people with bad credit. However, these loans are available at much higher interest rates than a secured one. These loans are available for 1 to 10 years only.Is there any other option available to you?Yes, there is one more option where you can take help of debt consolidation companies. These companies often have very close relationship with major financial institutions. When you approach these companies for your loan consolidation, they talk to your bank or your credit card companies on your behalf and negotiate a much lower amount which, you need to pay at very low interest rates.Although, there is one caution!You should be careful about the authenticity of the debt consolidation companies with which you are dealing. You should disclose your financial condition before them only after proper investigation. Many companies will charge you a nominal amount to consolidate your debts. But that is well worth as long as your debt situation is in your control.I can assume now that you will take a good decision for your bad debt loan. These loans are also available online. You should apply for your debt loan consolidation as soon as possible to avoid further debt burden and stress from your life.