Debt consolidation is a potential debt solution that can help thousands of people to take control of the debts and reduce their monthly debt repayments.

However, debt consolidation is not a solution that is ideal for everybody, making it important to seek debt consolidation advice before considering any form of consolidation loan. For many people, alternatives to debt consolidation could be preferable.

Debt consolidation is essentially a loan that you use you repay all of your debts in one lump sum, with you then making just a single payment to that loan. A debt consolidation advisor can help you to identify which debt consolidation loans are right for you, taking into account your total debts, your personal circumstances and what you can afford to pay on a monthly basis.