When you have multiple debts such as hire purchases, credit cards and store cards it also means various interest rates and multiple payments which can come with high interest rates. Keep track of what you owe, by rolling all your debts into one easy to manage loan.
With debt consolidation, budgeting is made easier and you should begin to make noticeable progress with paying off the money you owe. When you consolidate your debt you are taking out one loan to pay off all your multiple outstanding debts, and will only have to make one regular repayment with one interest rate and term. This will help to ensure that your repayments are manageable which in turn will help you manage your budget more effectively.