You may be eligible for debt consolidation loans even with bad credit. There are many companies that specialize in bad credit loans. It does not matter if the debt is from credit cards, or other types of loans. It certainly is possible to get a debt consolidation loan even with bad credit. Here is some important information to help you get the most of one of these loans now. Usually if you can consolidate your personal loans, car loans and credit cards balances into one payment, this will save you a lot of money.