Eliminating calls from creditors, reducing finance charges, lowering interest rates, and only having one debt payment to worry about each month sounds wonderful to someone who is struggling to pay his or her debts. That is exactly what debt consolidation companies promise clients. Debt consolidation companies promise to cut years off your debt payments, help reorganize your debt, alleviate your stress and anxiety, and improve your financial situation.

What Debt Consolidation Companies Don't Tell You
Eliminating calls from creditors, reducing finance charges, lowering interest rates, and only...