Is this the way that a debt consolidation company works? They reduce the amount?

What is a great debt converging connexion which will come to terms what we owe by negotiating with a creditor, as substantially as afterwards we owe reduction than prior to to any creditor, though we owe them for a single large sort new loan , to them for profitable your debts?
So they hit been removing your debts downbound by negotiating as substantially as afterwards give we a converging loan to cover a intensity due to them now?