Debt review and debt consolidation are fundamentally different approaches:
Debt Review:
• Restructures existing debts without new borrowing
• Designed for over-indebted consumers who can't afford current payments
• Interest rates are typically reduced
• Legal protection from creditors
• Cannot access new credit during the process
Debt Consolidation:
• One large new loan to pay off all other debts
• Requires you NOT to be over-indebted at application
• Often comes with higher interest rates
• No legal protection from creditors
• May make your situation worse if you can't afford the new loan
For most over-indebted consumers, debt review is the more appropriate and safer option.