No, debt consolidation and debt review are different solutions for different situations:
Debt Consolidation:
• Takes out one large loan to pay off multiple debts
• Requires you to NOT be over-indebted to qualify
• Often comes with higher interest rates
• Provides no legal protection from creditors
• Can make your situation worse if you can't afford the new loan
Debt Review:
• Restructures existing debts without new borrowing
• Designed for over-indebted consumers
• Typically reduces interest rates
• Provides legal protection from creditors
• Structured path to becoming debt-free
Debt review is generally the better option for those who are genuinely over-indebted.