The words debt consolidation are are not two words that we never hear ,but many people are unclear in their mind what these two words in fact refer to.

Lots of people believe strongly that debt consolidation has a nice ring to it and it sounds like something attractive but they do not take on board the meaning of these words..

Considering the words debt consolidation makes a bell rings in their memory as something commonly heard by them in the distant past and also brings to the front of their mind with old familiar words such as debt consolidation loans, consolidation loans, pay off credit card debts,etc..

When you examine the two words that form the expression debt consolidation, the meaning jumps out from the words themselves.

The word debt must be related to money that has been borrowed and this can be credit card debts, loan debts, etc..

The word consolidation is the combining or placing into the one numerous separate bits and pieces of debt into the one .

Put these two words together and the meaning of the term debt consolidation becomes very obvious , and that is the uniting or rolling together of debts in credit cards, loans, etc. into one single .

That these words are known to them but that they are a little vague about the exact meaning is because before the credit crisis consolidation loans, get rid of your debt, and so on, were heard and seen almost constantly in advertisements on television and in the national press.

Before the credit crisis, many secured loan lenders and brokers advertised on television every day of the week telling people of the great benefits in taking out consolidation loans, but this has all stopped, and people no longer remember or understand that secured loans are still on the market.

The definate facts are is that consolidation loans still exist and are as good a way as they always have been of sorting out too many debts and often high interest ones at that.

Consolidation for homeowners is best arranged by secured loans or remortgages both of which are cost effective means of getting rid of debt, not only making finances simpler but making savings at the same time.

Looking to find the best deal on consolidation loans, then visit www.championfinance.com to find the best debt advice for you.