Whenever you join to perform personal debt consolidation you have to straight away cease generating payments on your whole unsecured debts (ie. Credit score cards). The personal debt consolidation firm will then have you ever generate a every month payment into a believe in account. The idea behind personal debt consolidation is you construct a pool of cash in that financial institution account. As soon as the pool will get large enough, the personal debt consolidation firm begins to negotiate and pay off of your debts with all those resources.