Consolidation Escalation

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A recent report, rather predictably, has concluded that an increasing number of people are turning to debt consolidation in an effort to control their spiraling debt problems.
More than 6.5 million people have taken a consolidation loan in the past three years alone.
Let’s hope this statistic reflects the growth in responsible attitudes to debt rather than a growth in the misconception that debt consolidation is just another way to spend other people’s money when the credit cards have dried up.