Sometimes one of the best ways to reduce your debt is to consolidate it into one monthly payment. Doing this also has the added benefit of lowering the interest rate you are paying from high interest credit card rates to lower interest amounts. When you are making one payment a month that is substantially lower than all of your credit card bills combined, that leaves you extra money each month to add into your budget. You can use that extra money to pay off your consolidation loan and become debt free that much faster, or you can use it to help with living expenses so that you don