10 most asked questions about DebtSettlement2010.com

Is our service the same as debt consolidation?

No. Debt consolidation means that a person takes out a loan to pay off their existing debts, thus rolling (i.e. consolidating) their existing debts into one "new" debt. The goal of debt consolidation is to use a lower interest loan to pay off higher interest debt. Debt consolidation does not result in any debt relief or debt forgiveness. However, in the long run debt consolidation may save a person some money with respect to the interest paid on the outstanding debt balance. However, the full balance plus interest will be paid.