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If you owe money to a number of credit card companies and also have loans that you are having trouble paying, then maybe a consumer debt consolidation service can help you. Many people find that if they cannot meet payments, the only way they can ease the burden is to take out more loans or use another credit card. The result is that you end up with many store cards, credit cards, and loans, usually with unfavorable interest rates on top of late payment penalties. The penalties are multiplied by the number of different lenders, and of course that means that you will be receiving pressure for payment from many different organizations.
By using a consumer debt consolidation service, all of your debts are totaled together. You will make just one payment every month instead of several until the amount is paid off. This also means that you only have to deal with one company and you pay only one set of charges.