A debt and bill consolidation service helps you to get the best rate on your credit cards. The ultimate aim is to make you debt-free. There are a number of companies which provide such services. It should be noted here that it is not necessary to have a bank loan if you want to use a debt consolidation service. In fact, it is much simpler to obtain a debt and bill consolidation loan without a bank loan.As we all know, debts are easy to acquire but hard to get rid of. The debt consolidation services help in debt management and try to lower the amount you have to ultimately pay back on your debt.There are different kinds of debt and bill consolidation strategies for people who own a home and people who don’t. Those who own a home can secure funds by mortgaging their house and utilize that money to pay back some of their credit card bills as well as other pending bills.However, people who have a bad pay back record and do not own a home or any other piece of property may find it difficult to become debt-free. Banks, these days, are also very particular about the past record of a debtor. They might refuse you loans if you have a bad payment record in the past. Still, there are some viable options which could be useful to you in terms of debt and bill consolidation services. There are several online resources which provide useful tips, but it is better to go and meet an expert individually, and explain your financial position to him before he helps you find a feasible debt and bill consolidation plan to help you overcome your debt problems.