Debt consolidation may seem like a great idea if you are in a tremendous amount of debt because they do help you manage your debt as well as your money too. They also sound so appealing because your monthly credit card bill is lower because the term is extended. What most people don’t realize though is that you end up paying way more in interest rates. There are some dangers to using debt consolidation. Some dangers include getting into even more debt because they keep track of all your debt and money. Not to mention you always have to pay them a good chunk of money for their services. There is many different ways to manage your debt on your own so you do not have to use a debt consolidation program. As long as you change your spending habits and start keeping track of your money instead of spending it all on non-essential items then you should start to see a difference. Also if you are in a lot of debt then you should always pay all of your credit card bills and then throw any extra money you may have at one bill until its paid off and then keep doing that to each bill until everything is all paid off. Its always easier said then done but a debt consolidation program can’t do anything that the average person can do. That is why debt consolidation is a bad idea to get into.