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Debt consolidation is a process of healing your current debt situation. There are several companies which offer debt consolidation services to the general public. Debt consolidation is an opportunity for the ones who are deeply stuck in a debt situation. Debt consolidation service allows you to borrow a low interest loan so that you can deal with your current debt payments. Debt consolidation is the best option for people who are looking to get rid of their debt. People often misunderstand the working of debt consolidation. The question arises that how can borrowing more loans clear the current debts? Read the content below to get clear understanding about debt consolidation. How Does Debt Consolidation Work? Hire services of an accountant Sydney CBD, lawyer or financial planner Get a loan Consolidate all your debt Make payment with the acquired loan Debt consolidation can be defined as merging all loans into one…