Is there any eligibility criteria for debt consolidation?

Hi,
I want to know more about debt consolidation process. I am planning to consolidate the mortgage and credit card payments. Is there any eligibility criteria to get approved for debt consolidation? I have a good credit score and never failed to make the payments. As consolidation helps in reducing the interest rate and monthly payments, my plan is to consult this company offering debt consolidation services in Mississauga.
Need to hear from experienced ones. What percentage of rate would get reduced if we consolidate the debts? Any idea?

 

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