Is debt consolidation a good idea?

Is debt consolidation a good idea?

Robert Sinclair (Director, AFB) gives expert video advice on: What is debt consolidation?; Why might I get a loan to pay off my debts?; Is debt consolidation a good idea? and more...

For many people, debt consolidation is a good idea because it allows them to meet their obligations in terms of servicing the debt they've already accumulated, but allows them to budget more effectively and live effectively and enjoy what they're doing.