Debt consolidation is possible for you and everyone else that has found themselves owning money.
The thing is, you do need to work on your plans in order for debt consolidation to take effect and have you back in the black as opposed to the red.
It can be very easy indeed to pretend that your debts aren't there, that they aren't hanging over you and your family like a dark cloud.
However, pretending that your debts don't exist and hoping that they'll just go away won't help you at all.
If you do this, then you risk even greater interest being added onto the debts you presently have, meaning that any debt consolidation is even further off in the distance.
Talk things through with friends and family, as well as a committed financial advisor, and see what your options are.
Also, be sure to contact the person or company you have debts with and discuss what your payment options are.
Contact is very important in these cases, as staying in touch with the people concerned will keep it in mind that you are working towards debt consolidation and that you're not ignoring your issues.
Remember- if you don't take steps to pay off money that you owe, then legal action may ensue from the party that you are in debt to.
This would also be a costly endeavour and may very well lead to you getting even further in debt due to the legal costs involved.
Don't let it get to that stage! Stay in touch and make sure the right people know you are trying to get it sorted.
Debt consolidation is not impossible- it can be an achievable goal as long as you don't ignore it.
So don't ignore your debts, and make sure your own debt reduction plan can be met quickly and sensibly.