# The slippery slopes of debt consolidation that you’re best off avoiding

While being able to stay afloat financially isn’t a myth, it’s certainly very difficult to imagine for a lot of people which are really struggling with their debt. When the bills keep on piling and there doesn’t seem to be any kind of solution in sigh, it’s understandable how looking for the best debt consolidation is your go-to solution. However, you have to be careful not to fall in some pretty common traps. It’s easy to think that it’s safe to relax, when in fact you should remain vigilant. Here are the most common reasons for which people don’t solve their problem with debt consolidation.

Consolidating everything

This is a big problem and many people are doing it. When they go about consolidating their debt, they do so for the entirety of their debt. If you have smaller debts, stretching out your consolidation plan for them as well might not be worth it. People often do it because it seems easier to manage, when you put all your eggs in one basket. But with interest rates and whatnot, you could be making things worse for yourself, not better.

Choosing a consolidation method without proper research

If you know of a way in which you can consolidate your debt, that’s great. But before you do anything about it, make sure that you know about your alternatives. What other solutions to your debt problem are there? One of them might be infinitely better than what you initially planned for, but you’ll never be able to take advantage of this if you don’t research your options beforehand. It’s hard to believe that such a simple thing can make such a huge difference, but it does.

Blaming the wrong factors

Often times, people know they are in debt and they know that they need to fix the problem. But they don’t really understand why the problem appeared in the first place. When you boil it down it’s a matter of spending more than you can handle, but the problem won’t stop after consolidation if you continue to make the same financial decisions. What exactly is the cause of your financial woes? Is it your reckless lifestyle? Or perhaps one specific expense that you could avoid? Getting to the root of it all is how you stop the financial bleeding.

Deb consolidation can be of great help, but you still need to apply it properly to your situations and to tweak the factors in your advantage. At the end of the day, debt consolidation is an instrument, and an instrument is only useful for the job it was meant for. The same goes for jobs which can only be solved with the proper tool or variation of that tool.

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