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These Debt Consolidation or Debt Continuation Companies don't tell you what you must absolutely know to be debt free.
78% of individuals who consolidate their debts will fall again in debts after a brief period of time, and will end up in the workplace of a debt consolidation service.
Why? Merely since you think that you will genuinely be debt cost-free right after three or five years, but it is not the case. Let me clarify... Those company, right after giving you a very nice pitch (anyway, you did not have option: bankruptcy, property equity - you can loose your property - , debt settlement organization one more type of wolf -), promise you that you will pay a lower interest rate.