You wouldn’t put up a picture with a wrecking ball or demolish a house with a hammer so why would you go bankrupt $500 or try to consolidate $500,000?

Debt consolidation is a ‘hammer level’ solution to debt. If you can consolidate comfortably and affordably, it’s a good option. But the truth is, sometimes you need to knock the whole house down and rebuild on a better foundation.

If you have borrowed more than you could comfortably repay (even with interest relief or a better term) consolidation is likely not the right tool for you.