Debt consolidation doesn’t forgive your existing debts. With debt consolidation, you still have to repay the whole debt but on more favorable and manageable terms.
In a loan forgiveness situation, such as student loan forgiveness, part of the debt is eliminated (or forgiven), relieving the borrower of the obligation to repay it.
On the other hand, debt consolidation merges two or more existing debts into one. You then use your debt consolidation loan from Credit9 to repay all your existing debts and you repay Credit9 in one monthly installment.