There are many not-for-profit debt consolidation organizations that you can go through in order to consolidate your debt. They work like this - you give them your monthly credit card and other debt payment statements and they pay your creditors. Then, you will pay them back just like a loan. The benefits include getting a lower interest rate, a lower payment and a longer period of time to pay back the loan. Of course, along with that, you are able to maintain a good credit rating by having your payments all paid off. This can be a great way to consolidate your debt.

Having a ton of payments to pay every month can be a real pain in the neck. Just the interest rates on these loans can be enough to slowly push you further and further into debt until you are struggling to breathe. By utilizing the avenues above, you can effectively consolidate your debt and feel free from the wading pool of debt.