The many use of Debt Consolidation range from folks just trying to be smart with their hard-earned money to people desperately trying to save their finances from ruin.  And, these things can absolutely be accomplished!  The best scenario that a person can hope for when trying to consolidate is to obtain low interest loan large enough to pay off all of their outstanding bad debt at once.  By doing so, they will feel a huge burden lifted off them every single month.  They will also save quite a bit of dough in the long-haul for the simple fact that they paid off these bills early, which eliminates all future interest payments.