I was amused to come across a classic typo in the heading of an article today, which preached the benefits of 'dept consolidation'.
The contents of the article made it clear that the subject matter was intended to read 'debt consolidation', but it got me thinking - there are probably businesses out there who are facing the choice of one or the other.
'Dept consolidation' would surely involve having to consolidate your department - ie your staff - into one smaller, affordable team to reduce your outgoings (sacking people!). Whereas 'debt consolidation' could provide an alternative solution to a financial problem - arranging a consolidation loan to reduce the outgoings, allowing the wage bill to remain sustainable (not sacking people!)
Thus, the conclusion of my findings is that Debt Consolidation is better than Dept Consolidation.
