What this means is the process of bringing all your loans and outstanding payments together into one repayment each month.

This one monthly payment will then free up cash and reduce your level of overall commitment.

This higher level of disposable income leaves you with more each month to take care of essentials and reduces your need to borrow more money.

This way you can pay back everything you owe more quickly and with much less stress.

If this sounds appealing then you need to start looking for a suitable debt consolidation loan.

When doing this, there are certain things that you need to keep in mind.