When you have multiple loans, life isn't as happy as it should be: things are more stressful and there is more to pay each month. The good news is that you can consolidate such loans with the help of a debt consolidation company. These companies help the costumer gain save money from their loans. How they do this? They help you get a big loan, which you will use to pay the rest of your multiple loans; this way you can be sure that you are saving money from the penalties and interest rates that were added on your former loan.