Todd's Tip of the Day!

 Debt consolidation gives you the courage to pay back your creditors. But it won't be of any use unless you change your spending habits.

Debt consolidation gives you a psychological boost. It gives you the confidence that you can really pay off your debts through a new and revised repayment plan. However, debt consolidation won't be of any use if you stick to your old spending habits. You'll incur fresh debts. As such, you'll have to arrange more money to pay off your new debts. This will complicate the financial matters. You may not be able to complete the consolidation process and as a result it will take a longer period of time to get debt free.