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When the financial storm of your life seems to be hitting you the hardest, debt consolidation may be the first place you turn. But this consolidation may hurt you more than help you. It is often the fine print that is the real story behind the money you are receiving and the help you think will drag you out of the hole.

Debt consolidation companies claim they are non-profit, but this does not mean they do not make money. The first payment or two is often given to the company and not to your debts. Low interest credit cards often hide the real future interest rate in the fine print, as well. So look closely at the forms you are signing and understand the finest of details.