Here are some key facts about consolidation loans

1. It is an actual loan which the consumer needs to apply & qualify for.
2. It is a short term solution which requires strict financial discipline.
3. The loan is more like putting a plaster on a SERIOUS wound.
4. Without financial discipline, Debt Consolidation may worsen their financial situation.
5. The loan bears interest between 20 – 31% over 60 months.
6. Not only are consolidation loans much more expensive than Debt Review it also bears great risk for the consumer.