Consolidating credit card debt companies
(To learn more about managing credit card debt, see out topic on getting out of credit card debt.) Consolidating your credit card debt essentially means combining all of your debt into a single loan or paying your creditors through a single monthly payment.
If you have multiple outstanding credit card bills, for example, a debt consolidation loan could be used to pay off those bills, leaving you with only one monthly payment.
If your bank has turned you down for a loan, your financial pressure is mounting, and you really need to consolidate all your payments, then you would likely benefit from speaking to a non-profit Credit & Debt Counsellor. Credit Counsellors are simply money and debt coaches who typically really care about helping people find solutions to their financial problems.