Debt Consolidation

QWhat Is The Difference Between Debt Consolidation And Debt Settlement?
ADebt consolidation is simply putting all your debt on one tab; you are not decreasing your debt, but simply making payments to one bank. Debt settlement allows you to decrease your debt, although it is not bankruptcy. While this may sound good on the surface, debt settlement can have an adverse affect on your credit score if you have excellent credit and have not missed any payments. But, debt settlement will help your debt to income ratio.