If you have a really bad credit history and you want go for credit card debt settlement using credit card debt consolidation loan, then the loan will take the form of a secured credit card debt consolidation loan as it requires you to pledge a security, for instance, the home owned by you or something else that has a value which is comparable to your credit card debt consolidation loan amount. To receive accreditation the debt consolidation credit counseling agency must comply with several service-specific quality standards such as: 1) Annual audits of operating and trust accounts, 2) The debt consolidation credit counseling agency meets all consumer disclosure requirements as set forth by the Federal Trade Commission, 3) Funds are disbursed daily and funds are disbursed immediately in emergencies, 4) Each consumer receives an assessment of how he/she came to be in financial difficulty, a comprehensive financial plan, and a written plan of action & 5) Clients receive (at minimum) a quarterly statement. The purpose of your debt consolidation is to reduce and eliminate your debt in the end and improve your credit ratings. . The debt consolidation home loan spreads the cost of loan over a longer period of time thereby decreasing monthly payment. Low interest Debt Consolidation loans have been specifically designed to help you merge different debts into one, thus making you accountable to a single creditor. . For more details, visit http://www.debt----consolidation.info/