Hi Everyone,

I pay a lot of interests for my credit cards. I want to apply for debt consolidation. Are there any other ways to pay off loans and their possible consequences? If anyone has any idea about debt consolidation, pros and cons, please let me know? I heard that debt consolidation affects credit history and one could have a tough time to make any big purchase like house in the future.

Please please share your knowledge/experience, this is very important for me.