No one ever wants to be in debt but it happens and at that point bill consolidation is the answer. It can help take back control of your finances and stop letting that debt the quality of your daily life. Debt can occur through unexpected medical bills, education expenses, credit cards, personal loans and home ownership. If you have not been able to handle the debt yourself, it is first important to assess your situation and the total amount of debt to determine the best way to pay it off. Debt consolidation is more than likely the way to go as compared to the option of bankruptcy and it should be considered, but you very well could handle your debt on your own which is why it is important to evaluate your financial situation.
Included in your evaluation of your options and the best route to take in paying off your debt is the importance of understanding the basics of bill consolidation. Simply put, debt and bill consolidation is the process of totaling your outstanding debt, and assessing your situation is a determination of the amount you can afford to apply each month to this debt. Look at your income, total monthly debt, total monthly payments and the total amount...