Debt consolidation is a way out to stop your current debt from getting out of control. Remember that Debt Consolidation does not reduce your debt but will simply eliminate many high interest rates connected with debt from different lenders. A debt consolidation loan is one workable solution to consolidate your debt easily. Under these circumstances, you generally get a loan to pay off all your existing debt or you can get a better kind of loan (varies from an ARM to a FRL). DebtCareTaker.com has all the useful debt consolidation information that you need or want to know how debt consolidation work for you while providing the best option to chose.