Did you know that debt consolidation companies can sometimes discount the amount of your loan?  In certain circumstances, if your debtor is in danger of bankruptcy, a debt consolidation company can buy your loan at a discounted rate, saving you money!  If you choose to consolidate bills, you may need to “shop around” for the best savings and for which company best meet your financial needs.  Many are turning to consolidation for relief from creditors and large interest rates.  Often, those who consolidate bills have cheaper interest rates and get out of debt faster.  It’s also very convenient paying only one bill a month.