How do you find one? You find one by comparison shopping.
In the age of Internet based financial services, this can be a relatively easy task.
What do you need when you are searching for a low interest loan that will meet your needs? First, you need a budget showing your current financial obligations, living expenses and income.
To generate one, start by listing your expected income.
Subtract your secured debt (mortgage and car payments, for example).
Then subtract your remaining living expenses (groceries, utilities, insurance and so forth).
The amount left is the amount of money you can reasonably expect to use to apply to paying off a low interested debt loan.
Make sure that you have put together a list of all of the unsecured debts and their monthly payments and total amounts.
If you are in financial trouble, the sum of the monthly payments is going to be greater than the amount of money you calculated you could use in paying off a loan.
Debt consolidation companies will help you through this process.
Generally, the monthly payment on a loan will be less than the total monthly payments for your unsecured debt.
If it is not, the company you are working with will often be able to direct you to other resources.
Once you've developed a budget and know your financial circumstances, get a copy of your credit report so you know where you stand.
Now you're ready to go Internet comparison shopping.
Open up your favorite search engine and enter the keyword phrase "low interest debt consolidation loans".
You might want to consider running off a copy of the list that is generated.
After you've done that, you can start to check the reputation of each company.
The Better Business Bureau is a good place to start.
Once you've narrowed the companies you're interested in with, start the process of talking with each company to find out what type of low interest debt consolidation loans they offer.
Make sure you read and compare offers one to another.
Not only can interest rates vary from one company to another, but the length of the loan period could also be different.
It is important to understand the payment terms of required by each company.
In addition, the amount of money being loaned for the purposes of consolidation may also be a determining factor in the terms and length of time for repayment.
Make sure you take this into consideration.