 TITLE: How to Get a Debt Consolidation Loan CONTENT: What If Your Loan Application Gets Denied?\n------------------------------------------\nIf you've been denied for a debt consolidation loan, here are a few options that may help:\n### 1\\. Try Requesting a Lower Amount from the Lender\nYou may have been denied because the lender felt there was too much risk in issuing you the amount you asked for. By lowering the amount, you lower the risk, and the lender might be more open to approving you. In this case, you may still have multiple payments, but the debt consolidation loan may cover a good majority of them.\n### 2\\. Consider a Debt Management Plan\nWith a debt management plan, or DMP, a credit counselor can help create a plan that outlines how you will repay your existing debt. Once you agree to this plan, you will pay the credit counseling organization directly and they will make your monthly payments according to the repayment plan you agreed on.\nTo find a reputable credit counselor, look for one that is accredited by the National Foundation for Credit Counseling or the Financial Counseling Association of America. The U.S. Department of Justice also maintains a state-by-state list of approved credit counseling agencies. For more information on how to choose a credit counselor, check out these suggestions from the Federal Trade Commission.\n### 3\\. Consider an Alternative Lender\nSome lenders use information other than your credit history when considering you for a new loan. Some companies consider education, employment, income and other aspects of your background when making a decision. If you have poor credit and cannot get approved by a conventional lender, you may find luck with a company like this. END