If you have outstanding debt on more than one credit line, for example loans, overdrafts and credit cards, then it can be a struggle to keep up with all of the monthly repayments, not least because you have to keep up with different bills coming in at different times.
That is why many people turn to debt consolidation loans as having the debt in one place makes it easier to manage. In addition, the monthly repayments can often work out to be cheaper.
There are a number of ways that you can consolidate your debts, for example through loans or remortgages, and each have their own advantages and disadvantages.