Working with a debt consolidation company helps you to get back on track because you only have to make one payment each month—to the debt consolidation company.
Although some debt consolidation companies are able to negotiate a better interest rate, others simply negotiate a longer term in which to pay off the debt.
Working with a debt consolidation company can give you a sense of accountability.
Jenny Mc Cune for says that debt consolidation treats a symptom, but doesn’t fix the problem, which is your spending habits.
The purpose of a debt consolidation company is two-fold.
First, it helps you work out a plan to consolidate and pay off your debt.