We all have financial dreams and goals. For many of us, those goals may include "a happy retirement" or "debt free living" or even just "more money." Believe it or not, debt consolidation can be a powerful tool that can help you achieve just these dreams. If you have large debts, then you are likely making several payments a month to different lenders. In fact, if you are like most North Americans, you are making payments on 13 different debts, all with varying interest rates and with different minimum payments. This can easily drain more than a thousand dollars from your paycheck each month.

If you are in debt, then you may feel afraid. Plus, you are likely living on far less money because you need money for your debt payments. Debt consolidation can help you get out of this problem easily.

Debt consolidation works by combining all your debts into one loan. That way, you enjoy one low monthly interest rate and one low monthly payment. Rather than paying 17% interest on three credit card bills and paying more than $1000 each month on debts, for example, you could be paying a few hundred dollars a month on the same debts and enjoying a lower interest rate.

This means:

1- You could pay off your debts faster

2- You could invest money each month for retirement since you would not be living paycheck to paycheck. Plus, you would enjoy lower monthly payments of debt bills, leaving you money to invest.

3- Since you would have more money from your paycheck each month, you could avoid more debt.

4- Monthly payments would be easier - you would only be paying one bill a month - improving your credit score.

Debt consolidation can simply put your financial life in order. It can give you more money each month for investing and for expenses and can help ensure a more prosperous future.