Difference between intervening and consolidating cases
The length of time that a debt can be collected varies by state law and the type of debt.
For information about the Fair Debt Collections Practices Act (FDCPA), visit the Federal Trade Commission's web site.
The one new loan should have a lower interest rate and monthly payment than the combined cost of the bills you consolidated.
The cons to debt consolidation are just as obvious: The debt is not forgiven or even reduced.
debt settlement, the safer choice is debt management.
This method is most often used to settle a substantial debt with a single creditor, but can be used to deal with multiple creditors.You, or a representative negotiating for you, make an offer to your creditor to settle the debt for less than what is owed.