If you are receiving unsolicited phone calls from an entity pretending to be ACCC (a trusted non-profit credit counseling agency), please be assured that ACCC’s policy is NEVER to contact you unless you’ve explicitly requested us to call you. Also be cautious of emails from an unusual or unfamiliar domain. ACCC’s domain extension is @consumercredit.com, and any emails using a different extension should be treated with suspicion.


ACCC’s Client Login allows current clients to access their program information, including the due date, program benefits, and other documents.

Select a Client Login below based on the service that you are currently enrolled in:

Debt Management Program

Client Login


Pre-Bankruptcy Client

Post-Bankruptcy Client

Not yet a client, but looking to get started?

ACCC offers debt relief options to individuals and families that are suffering from stress related to credit card debt by providing effective credit counseling, helping to consolidate debt, and advising on debt management.

Get Started


You are now leaving the Consumer Credit website and are going to a website that is not operated by ACCC. We are not responsible for the content or availability of linked sites.

Are you sure you want to leave?

No, return me to the previous page.


What Is The Meaning Of Debt Consolidation?

So what is the meaning of debt consolidation? Debt consolidation takes all your unsecured debts and combines them into one loan. Learn more about this process and if it’s the right choice to improve your debt management and finances.

Here's the meaning of debt consolidation.

Here’s the meaning of debt consolidation.

Explaining the Meaning of Debt Consolidation

The exact meaning of consolidation is “the action or process of combining a number of things into a single more effective or coherent whole.” When loans or balances are combined, it makes a more effective and simpler repayment for the consumer.

One typical approach to debt consolidation involves taking out a loan. A new sizable loan replaces all the payments. Therefore, only one payment is needed as your other individual debts have been paid off with the new loan. The loan may be obtained through debt relief programs, your bank, or as a home equity loan.

Although this approach has the basic appeal of one monthly payment, there are significant costs and risks involved.

  • The interest rate on a debt consolidation loan is likely to be high.
  • The credit cards and store cards remain open, and you risk running up new debt on those cards, on top of your consolidation loan debt.
  • Consolidation loans shift your debt but haven’t really done anything to address the real cause.

ACCC & the Meaning of Debt Consolidation

ACCC offers a way to consolidate your debts without having to borrow more money. How does debt consolidation work with ACCC? In short, you make one consolidated payment to ACCC each month. As a result, your payments to your creditors are distributed by ACCC.

There are several benefits to this approach beyond the simplified repayment plan.

  • Often creditors participating in this personal debt consolidation program are willing to reduce your interest rate and waive outstanding fees.
  • Credit accounts involved in the program will be closed to further spending. This way you can make genuine progress on reducing and ultimately eliminating your debt.
  • The program includes financial counseling geared toward helping you enhance your credit management skills to avoid future debt problems.

Finally, now that you know the meaning of debt consolidation, you can decide whether to move forward with your own consolidation or use a certified non-profit agency, like ACCC.

If you’re struggling to pay off debt, ACCC can help. Schedule a free credit counseling session with us today. 


Michelle is a regular contributor to Talking Cents. She has taken several financial courses on debt management and is ready to circulate what she has learned from them as well as lessons from her own life- family to DIY projects to student loan debt.

View all author posts →


Your Ultimate Money Management App

Meet CreditU, the ultimate one-stop debt and financial management app! See your full financial overview, including debts, income, expenses, and savings.

CreditU Apple App Store
Dev Tool:

Request: blog/meaning-of-debt-consolidation
Matched Rewrite Rule: blog/([^/]+)/?$
Matched Rewrite Query: post_type=post&name=meaning-of-debt-consolidation
Loaded Template: single.php