A debt consolidation agency is an organization that helps consumers combine multiple high-interest debts, such as credit card balances and medical bills, into a single monthly payment. These agencies primarily offer relief by either providing a new loan to pay off existing creditors or establishing a where they negotiate lower interest rates on your behalf. Types of Agencies and Programs
While the term "debt consolidation" is often used broadly, the services vary significantly depending on the type of organization you choose: Debt Consolidate - American Consumer Credit Counseling debt consolidation agency