A debt consolidation loan is quite easy to understand: you borrow the amount of money that would pay all your debts and you pay off your creditors so that you only have one loan bill at one rate.  Debt consolidation services, on the other hand, confuse plenty of debtors.  However, these services are just as easy to understand. 

In this type of service, it is your payments and not your debts that are consolidated.  That means that you do not get another loan.  Instead, your debt consolidation ...
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