Be wary of advertised schemes to save homes from foreclosure or personal solicitations to help you avoid foreclosure. Many financially strapped consumers pay money for short-term help or no help at all. Nonprofit counseling or bankruptcy assistance is usually a better alternative. If your regular banker or credit union cannot help you, odds are lenders and brokers who advertise cannot get you a good deal either. Most loan brokers and some lenders advertise as offering help to people who are credit risks.
Brokers are often expensive to use.
Many will shop for a loan that includes a big commission to them, rather than the best terms for you. Beware of anyone who wants to consolidate all of your debts into one loan. This never makes sense. The solicitation shows that the person suggesting the loan consolidation is not out to help you, but to fleece you. This may just be a scam to make off with the fee.