There is a negative stigma that goes along with most debt consolidation programs, and this is because of the few bad apples that have spoiled the whole bunch. It is certainly true that there are some companies which might not operate with the highest standards. This can probably be said about almost every industry, though. There are reputable lenders out there offering solid rates on debt consolidation, though. They are helping people get out of debt and set up a plan for completely wiping away the ugly smudges from their financial history.
For those people who are looking for a legal program, the best place to start is at your bank. Often times, they can have programs that will enable you to take on a single loan with a reduced interest rate. This, in turn, will allow you to pay off the higher interest credit cards, get out from under the burden of late and over the limit fees, and arrange your debt in an organized fashion. Even though most banks have cracked down on their limits for giving out credit these days, there are still lenders that are interested in helping people get out of debt and into a place of financial freedom.
The key to finding such a debt consolidation program is in going to a recognized and reputable company. The majority of the companies doing all of the major advertising have an excellent track record for helping people with this type of loan. The key, of course, is securing a loan with both a low interest rate and the type of loan terms that will enable you to get it paid off in a reasonable amount of time.