While working as a bank manager, I learned about all sorts of fancy financial tools, and how you can combine some of them to build something even better. Two such tools are a home equity line of credit, or a HELOC, and a debit card.
I listen to the radio on the way to work every day. At least once every morning, I hear a commercial talking about debt consolidation services. Some of them are good companies trying to help you and some are predatory and are just trying to make a buck. It is important to know how debt consolidation works so you can make good, informed decisions.