Low interest debt consolidation is favored because you have to pay less every month and you have enough money to live a moderately decent life. There are certain criteria that you need to fulfill to be eligible for a low interest debt consolidation loan.
Debt consolidation loans have become the saving grace for consumers stuck in a debt pit. Debt consolidation is opted by a large number of debtors as their bailout mechanism. There are low interest debt consolidation loans available, which prove to be quite helpful in your debt consolidation programs.
Debt consolidation loan is an effective way to eliminate piled-up debts. However, a debt consolidation loan can't help get rid of all your debts in a few days and get your accounts straight like nothing ever happened. Though that would make things convenient, that's not how it works.