This is probably the most common question in terms of debt refinancing or simply borrowing. In reality, many companies have shifted their approach in order to offer products and options to individuals who have damaged their credit score. It is important to understand that while you might be eligible and approved by such firms, it won't be cheap. Since your credit score defines who risky it is for a financial institution to lend you money, you will be treated as a high-risk individual. This means that if they actually want to lend you money, they will do so at the highest and most expensive interest rate they possibly can. It is critical for you to understand the implications of refinancing under such a pricey interest rate, and also to take into consideration the fact that debt consolidation might not be the best option all the time. Take your time reviewing all the available options in the market before making a final decision.