Is debt help the same as debt consolidation?

No, debt help and debt consolidation are not the same. Debt help refers to a range of strategies and services designed to assist individuals in managing and resolving their debt. This can include budgeting advice, credit counseling, negotiation with creditors, and even bankruptcy filing if necessary. On the other hand, debt consolidation is a specific method of debt help that involves combining multiple debts into a single new loan or repayment plan. The main goal of debt consolidation is to simplify payments by reducing interest rates or extending repayment terms. While debt consolidation can be a useful tool for some individuals, it's important to note that it's just one aspect of debt help and may not be suitable or available for everyone.