Being in debt is never a favourable situation for any individual, which can have a significant effect on the way one lives out their lives.  Out of all the debt management solutions available, debt consolidation is one of the most effective debt remedies available.  All the payable debts of an individual are consolidated or combined into one single payable loan amount with a lower rate of interest or favourable repayment terms.  There many reasons why people fall into the debt trap, ranging from ill-informed investment/financial decisions, living beyond one’s lifestyle, or simply steep credit card interest rates and past bills. Whatever maybe the predicament, an individual can sign up for a debt consolidation program to be on the path to recovery. There are many such debt management companies operating in South Africa who  offer expert services to improve one’s financial position.  The attached infographic (Debt Therapy) explores the reasons why people opt for this plan.