Debt consolidation refers to taking out a fresh loan to replace all your existing loans. The rate of interest on the debt consolidation loan is lower than the rates on existing loans.

Should I consolidate my college loans or not? Here's why, if you're going to consolidate, now is the best time to do it...

Controlling debt is hard enough it is even harder if you don't track your monthly credit card purchases. Without tracking your monthly purchases you can easily run-up your monthly expenses way above what you have budgeted to spend.