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Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. more at Wikipedia

Treatment Success Rate

Top 5 Communities
Condition Members Success
Financial Challenges
322
70%
Overall, 70% (322 Members) find Debt Consolidation helpful
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Debt Consolidation Reviews

Show: for
Working / Worked
We did this once and got completely out of debt. A few years later we were right back, in debt.
Working / Worked
same as credit counseling: made on monthly payment to pay off all our creditors.
Working / Worked
I have a company I am working with on my bills but it is stapping me monthly
Working / Worked
joined a company about 2 years ago and it's working ok
Working / Worked
Worked but, wasn't advised about the cards we were paying off and ran a few of them up again.
Working / Worked
yes effective but still had to declare bankruptcy
Working / Worked
Tried one time, but then got back into debt.
Working / Worked
did it once before it was good, now in to deep do to business deal gone bad.
I think i'm being ripped off with it but at least all my money is in one place!
Working / Worked
have used equity loans to consolidate credit cards, but seems that credit card spending continues in "pinch" situations i guess that is what we all experience from time to time
Showing 61 - 70 of 335 Reviews
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