Shares|ShareTweet What are Debt Consolidation Services? Debt consolidation services are financial services designed to help individuals combine multiple debts into a single, manageable payment. This involves taking out a new loan to pay off existing debts, such as credit cards, personal loans, and medical bills, and then repaying the new loan over a longer period of time with a lower interest rate. According to a study by LendingTree, the average credit card interest rate in the US … Continue reading The Benefits of Debt Consolidation Services for Simplifying and Reducing Debt