Debt consolidation loans might be helpful, but be aware that when you have debt problems to begin with, you might not qualify for low enough interest rates. So if you choose to go this route, be sure to do all the math: Figure out whether the consolidation loan actually will reduce your overall payments - including the total interest you'll be paying for the life of your loan.

I speak to many people about debt consolidation, and i generally say that debt consolidation is most certainly a good thing, provided the individual learns from their previous mistakes that got them into debt in the first place. Otherwise, debt consolidation only opens up the possibility of getting further into the red

As to which method is best, open to debate and depends on the individual

no any answer