If you've been wanting to consolidate debt for some time, you probably looked around and then were almost overwhelmed by the amount of options that are available to you in terms of both local and international companies.
In fact, finding a company that will work with you on this problem can be one of the most stressful and longest tasks that you may ever do.
This is because not all companies are equal and you need to be able to find the right one that will focus on your needs and one that you'll be comfortable about working with as well.
Something else you want to focus on is exactly what to consolidate when you're looking at your debt.
Generally speaking, everybody has a telephone or cell phone bill, Internet access, and cable TV.
With the packages that are available, you have in effect already consolidated several monthly bills into one and typically saved around 15%.
However, what else should you look at.
First of all, you want to take a look at any high interest and high principal loans.
These are prime candidates for consolidation because if you consolidate these types of loans into one payment, you not only get a break on the interest, but your monthly payment will be much lower.
It will also be easier to track but both you, the creditor, and the company you're working with.
One other thing to think about of course, is the changes that you are going to make to ensure that this debt consolidation actually works for you.
Remember, that sometimes the temptation is to go out and spend the money that you saved on other items that you may not need.
This of course would defeat the entire purpose of consolidating your debt in the first place.