Is Debt Consolidation A Good Thing To Do?

Many companies do this - but charge a very high interest rate but your monthly repayment is lower.  I feel it is better to pay off the higher rate interest items first.  If you are running into debt problems cut up your credit and store cards.  Work out your debts and work out how much you can afford to pay.  Write to each creditor offering to pay off the debt at an amount you can better afford.  Look at your expenses and stop anything that is non essential.  Before you spend any more money ask yourself will we die, get cold or be homeless if we do not do this - these are your priority debts.