Debt consolidation isn’t a magic bullet you shoot at when you need a way out of your multiple debts. However, debt consolidation is a solution to your multiple or high interest rate debts. Consolidation lets you combine your debt into a single monthly payment. What this means is that you will still have the same financial responsibility over your debt.
Unless you change your habits and manage your finances, you will just accrue more debt even after consolidation.
That said, how do you know if this is right for you?