| 1. Debt consolidation really works best when you have a house that you can refinance and pull money out to pay debts, provided the interest on your house is lower.
2. The ads you see are typically refered to as Consumer Credit Counciling. This can and will negatively affect your credit score. Similar to a bankruptcy when new creditors are concerned. They view you as high risk because you could not manage your own debts. Its not a scam but it can hurt you. They will settle your debts for you but not in a way that will help.
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