For those of you who are looking for a low interest debt consolidation loan, you may be thinking it is only a dream. But, that is not true there are resources available all over the internet that will help you achieve your goal. Before you begin looking for a loan you should do a little homework that save time and money later.The first thing to look at when you want to qualify for a low interest debt consolidation loan is not your credit rating, it is the collateral you have to offer. Your collateral can play a big role in allowing you to secure a low interest debt consolidation loan. It can affect your chances more than your credit history in a lot of cases.Once you have identified the best possible capital to use then you can comparison shop for lenders. By having the collateral identified you can save a lot of time by creating a list of only the companies that prefer the type of collateral that you can present. This list can be easily compiled by search google with the loan type and collateral stated in the search query.Did you know that Google has a search engine that is built specifically for searching local companies. The best starting point in searching for lenders would probably a Google local search for lenders in your hometown. This would be very important if perhaps your local area may have a higher growth rate than the national average. Your local lenders may take the strong economic outlook of the local area in to account, when other national lenders will not.