Imagine you had three debts - an overdraft, a credit card and a store card.

One solution is to arrange for all your debt payments to leave your account on the same day.
Another solution is to convert all your debts into one debt - with a debt consolidation loan, you'll only have to make one payment per month.
It's also likely you owe different amounts on each debt.
Both of these factors can make it difficult to have a clear idea of when you will be debt free.
Working out your monthly budget may become a fair bit easier if you have a clear idea of the monthly amount that will be debited and when.
You should also be given a clear idea of the date you will be debt free.That can be a real focus to work towards, instead of feeling like your debts will hang around forever.One major purpose of debt consolidation is to make your finances simpler.Having multiple debts, as many people do these days, can be a bit of hassle.You are likely to find it simpler to make one debt payment every month, compared with many different ones.Dealing with one creditor can also be simpler than talking to multiple creditors - especially if you have had difficulties with a creditor in the past.