Debt consolidation is a tricky subject. While it seems like it's a solution to save on interest and create one smaller payment, it actually is quite dangerous as it only treats the symptom. While debt consolidation creates the sensation that you've actually done something about your debt, it's actually still there! You've only just moved it. Getting rid of debt in a real way is actually not quick or easy. Debt can also be viewed as symptomatic, debt represents one's misuse of money and budget, it means you've been overspending â€“ with all the good excuses that you want.