Are there any credit card debt consolidating agency's that give you a loan to pay off your debts?

I heard about consolidating agency's that provide you with the funds to pay off your debt.Then you just pay back the money as you would any other loan.Is there any truth to this?

Are there any credit card debt consolidating agency's that give you a loan to pay off your debts?
Hi,


I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It's legitimate.I came across this company on NBC News Special Edition.Check it out here:


http://nanoref.com/linksynerg/cjY_5g
Reply:Never heard of that one, they just provide the assistance and the avenue/expertise to consolidate, pay less, and pay the debt down faster, they don't provide loans, Or they would be in the same position as the organization that gave you the money/credit. They can only work with and negotiate arrangements with the companys to first take a lesser amount, re-age the account, lower or stop interest, etc. they will not give you a loan to pay off current debt.
Reply:This isn't what a debt consounseling/agency does.





What you are describing is going to a bank, getting a loan, and paying the loan back. If done, make sure the interest rates are better, not worse, than the original credit cards.
Reply:try CCC





Debt consolidation is also provided by credit-counseling firms. These firms will total up all your monthly debts and let you make one payment to them. With this amount, the firm will pay the lenders till the entire debt is cleared off. But exercise caution while selecting a credit-counseling firm, since some firms do not offer free services. People who have utilized debt counseling will assist you in choosing the right firm. The other option is to go for a debt consolidation loan that has quite a low interest rate.


http://debt-trap.com/category/Credit-Car...