It is quiet easy to get into financial difficulty having a home mortgage, a car truck or SUV loan and credit card repayments. There are now considerably more individuals than ever before with greater debts than they can afford. If you are in financial trouble due to credit card debt, then a debt consolidation loan may be the best solution.A debt consolidation loan will not reduce the amount you owe but will reduce the interest rate and possible extend the term. But it will reduce your monthly re.