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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
256
70%
Overall, 70% (256 Members) find Debt Consolidation helpful
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Debt Consolidation Reviews

Show: for
Somewhat Helpful
was with incharge then i couldn't even pay THEM the payment.
Somewhat Helpful
consolidated debt by refinincing mortgage, great at first, however, a year later debt is back to the same level we started
Somewhat Helpful
they were awesome. there was some probllems with the communication of them and the credit card companies.
The C A B helped us....
Somewhat Helpful
It was too expensive for me and a I had to quit. In one year I only managed to pay off one credit card, and I paid out SO much in fees.
Somewhat Helpful
would've worked if my husband would've kept his job so we could make the payments
Somewhat Helpful
it was somewhat helpful, it just seems we reguarly get kicked in the teeth financially
Somewhat Helpful
trying to do this.
Somewhat Helpful
I keep "robbing Peter to pay Paul"
Somewhat Helpful
have done this twice and then managed to get myself right back into debt!
Showing 81 - 90 of 279 Reviews
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