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If you have debt with high interest rates you know that a large amount of your monthly payment goes towards interest. Debt consolidation loans are a great way for people to get a low interest loan to pay off high-interest debt.You will be able to pay your high interest credit cards, payday loans, and other types of debt.This was filed against the company on behalf of employees who had worked as loan consultants for any Quicken office within the past three years.The claimants alleged that Quicken violated the Fair Labor Standards Act (FLSA) by failing to pay the plaintiffs overtime for working beyond a 40-hour work week.In May 1998, Gilbert took Rock Financial public, launching an IPO underwritten by Bear Stearns and Prudential Securities. (makers of Quick Books, Turbo Tax, Quicken, and an online lending platform Quicken Mortgage) purchased Rock Financial Corp. The company started to change course in the late 1990s, shifting from a traditional mortgage provider to an online-focused lender.

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Many people choose to consolidate debt because of the high interest rates making it hard to pay down the principal balance.

The company saw a small drop in employment levels following the 2008 financial crisis.

In 2004, Quicken Loans became a defendant in a class action lawsuit.

If you have been with the same credit union for a long time the likelihood of getting approved for a debt consolidation loan with poor credit is increased.

Debt consolidation loans for bad credit are either not possible, or come with high interest rates.