? No they are not. Each individual's situation is different as is the answer to the question: Debt consolidation loans or not? If you are having a hard time deciding which course of action is right for you then your best bet is to seek out professional assistance or advice. There are many companies out there, however not all of them care about what is best for you. The people at Consumer Credit of America have been assisting people for over 15 years with this decision. Let them help you with yours.