How do debt management companies help?

Question by Chixdiggit: How do debt management companies help?
I'm currently in a situation where I've collected more debt than I can manage and the interest payments are staggering.
Besides telling me how I can better spend my money, I'm wondering how a debt management company could help me?
I own a house. Would they somehow tie the debt into my mortgage payments?
Basically - what can they do for me that the bank can't?
Boss - why not spam less serious questions?


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