Debt consolidation is collecting al loans in a single place and taking a separate loan against some property like a house or land as collateral. The main objective behind debt consolidation lies reducing the rate of interest which generally comes with unsecured loans like credit card loans. The rate of the loan against a secured loan n is lower because the creditor has some kind of guarantee in terms of his property which he can utilize incase the debtor fails to pay his loan back .since the total cash flow towards a secured loan is lower, debt consolidation is a good get out of debt service, debt settlement, or debt consolidation method which helps the debtor to pay off his due easily during a shorter period of time. The debtor has to agree to pay in time to the creditor and has to maintain his living standards by not further immersing himself into credit card debts.