This means that you have had a few small credit problems, less than $500, within the last two years. Typically a couple of 30 days late payments, or one 60 days late payment on revolving or installment credit.

This means that you have had some credit problems, less than $1000, within the last 18 months. Typically less than four 30 days late, or up to two 60 late days payments are allowed on revolving and installment debt.

This means that you have had a few small credit problems, less than $4000, within the last two years. Typically up to six 30 days late payments, three 60 days late payments, or two 90 days late payments are allowed on revolving or installment credit.

This category means that you have had serious problems with payments in the past.

Whatever one of these bad debt categories you happen to fall into there will be a loan company to help you. Research each Bad Debt credit company fully and take control of your own financial future.

Lorna Mclaren has an information and resources website at ww.123-debt-consolidation-loans.com where you can find advice on how to consolidate your debt.