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People often turn to debt consolidation to pay off multiple bills by obtaining a second mortgage, unsecured loan, or using a storefront financing service. However, this can lead to higher interest rates and not solve the underlying issue of overspending. Eighty-eight percent of individuals who consolidate debt continue overspending and go further into debt due to not changing their habits. Borrowing more money does not solve the problem, as it only moves debt around instead of addressing the root cause of financial difficulties.