Debt consolidation loans often receive a bad rap from personal financial advisors as being scammy, pointless, and over-marketed. Defenders of the loans typically respond with claims that consolidations allow consumers to have an easier target to hit, that they simplify the payment process, and that they're useful to stay organized.
A careful analysis of the objective financial facts reveal that most consolidations have both pros and cons, and whether they are justified depends on the consumer and financial situation in question.
