What do debt consolidation companies offers to people who are in deep debt?

Question by courtney adamitis: What do debt consolidation companies offers to people who are in deep debt?
Can anyone tell me about debt consolidation companies and their services?


Best answer:
Answer by Irv SBasically, one large loan to cover all your smaller debts, long term,
at a more managable interest rate.
(Since credit cards etc. can run about 20% real annual interest, this CAN help.)
They may also be able to negotiate the forgivness of some 'penalty' fees.

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