http://www.cpa-financial-debt-strategy.com - ââ¦What you really need to know is that a loan is not free money. Consolidation basically means taking out a loan or opening a high balance credit card to pay off debtors. This gets debt collection agencies and groups off of your back and makes paying bills easier. After all, dealing with one payment versus six can make dealing with debt easier on both the mind and the bank account. Additionally, consolidation is beneficial because it trims the amount of interest a person has to pay: one high interest rate is often better than six or more interest ratesâ¦â
