Kibristalasemia

There is the debt consolidation companies that I have search on the internet have said to do combine your monthly payments into one lump sum payment telling you that in such a way it can lessen your debts. They do the process of this by loan modification or negotiating with the agencies that you own money. Many times these consolidation companies can promise to get your debt dropped down or possibly even your interest lowered.
This allows them to do the consolidate debt or to combine your credit card debt and you come out paying less than you were when you were paying all of them separate.

Many of these consolidation companies take credit card payments, some take bank loans, car payments, medical bill consolidation, do personal debt and etc. Well all this sounds great right? You have one monthly payment instead of twenty and the amount is even lower. So what could possibly be wrong with consolidating?