Debt consolidation financial loans combine several of your debts into a one manageable loan. Most of the bigger debt consolidation organizations have tie-ups with many of the highly experienced as well as qualified lenders. These are the people you want to look for as they will be able to provide you with competitive rates on your debt loans. Remember that that some of the debt consolidation loans tend to be secured against your assets or properties. After all, most of these loans are secured loans. For those of you who do not know, a secured loan is a single in which the customer uses any assets that he or she owns as a security or collateral for the debt loan. Debt consolidation is very beneficial as it will help to make you only have to pay 1 smaller monthly debt repayment. In a way, this can help free up some of your money that you can use to pay for food or other essential items.