Best answer from question by litl_sweetz:
Answer by quizzard123
No, you consolidate your debt by going from a bunch of smaller loans (your current debt) to one bigger loan, hopefully at a lower rate of interest. You take out the big loan specifically to pay off the smaller ones (especially credit cards, which have huge interest rates)
Best answer from question by shoresgirl:
Answer by EAG
stop borrowing money, pay the important debts first
Best answer from question by Jason S:
Answer by adam koestline
deed