Debt consolidation is a very effective way to pay off your debts. But, as with any other procedure to eradicate your debts, you need to be responsible with your spending and use your credit card more judiciously if you have to find success with the procedure. Once you have availed debt consolidation, you need to ensure that you pay more than the minimum monthly payment.
For that to happen, you need to perform budgeting in such a way that you find enough money to contribute towards debt consolidation each month. Through budgeting, you need to ensure that you spend money only for those needs which are essential for your survival. This way, you can certainly eradicate your debts in a relatively short period of time.