How else can a debt consolidation company save me money?
A debt consolidation company works with your creditors to negotiate your APRs, sometimes even negotiating them. Consequently, where you might have been charged a 24.9% APR on that store card before, now you will be paying a new negotiated APR, or maybe even 0% APR! Some creditors will continue to record interest charged to you at their full rate, but will waive *ALL* of the interest once your original balance is paid off. These are ways that your debt consolidation company can save you a lot of money when compared to the interest you would pay if you were simply making minimum monthly payments on your own.
