Consolidation companies believe that everything on your credit profile belongs to you and is reported correctly. There are many cases when individuals will start paying on an account that are not theirs or that has beenreported incorrectly.. When you are working with a debt consolidation company you are saying "YES THESE ACCOUNTS BELONG TO ME AND YES EVERYTHING THAT IS SHOWN HERE IS CORRECT AND I ACCEPT ALL CHARGES". This generally results with you now being billed $400 a month or higher for an account that could have been deleted for much less than your first month payment. ...read more