There are numerous companies in the market who provide you assistance for consolidating your bills in order to get out of your debt trap. But many of them also require that you have some type of favorable credit ratings to be eligible for their debt consolidation plan. This means, even a non profit debt consolidation plan offered by such companies require a credit security.  

You have no reason to loose heart since the good news is that there are other reputed and reliable companies who would help you in your debt consolidation plan allowing unsecured bill consolidation. They have the ability and provide the support for such bill consolidation even with your bad credit report and you are not looked down upon due to such bad credit. With debt consolidation your unsecured bills will be combined into one payment and accordingly there will be the consequential advantage of reduction of the interest rate. 

Thus when you are in deep financial trouble, there is no need to go for bankruptcy.  The bill consolidation care provided by the companies will ensure not only combining all your bills into one sparing you the trouble of multiple payments but also cause reduction of your interests in two ways. First the consolidation itself may cause some reduction and second, their expert teams will go for negotiating downsizing your interests and rates applicable providing you immense relief.