Bad debt is often a curse that seems to follow you around and it is one thing millions of people struggle with. There are various ways of handling bad debt. Financial advisors at banks are trained to deal with bad debt as are loan companies, who may have the answer you need to rid yourself of bad debt. Loans companies can offer bad debt loans. The way a bad debt loan works is to consolidate your bad debts into one loan, so you have one amount to pay which makes things more manageable. By consolidating your bad debt you can also budget your loan payments and get on top of you bad debt once and for all.