When financially-troubled individuals seek guidance and general fixing they have a sizable amount of options to sift through, all of which, at face value, prove compelling and quite promising. Of the choices that are narrowed down to - once a bit of mulling has been completed - many people choose to seek assistance through the Debt Consolidation option. And opting for this financial 'fixer-upper,' of sorts, is a fine and viable choice, yet it is also one with both positive and negative attachments.

As commonly portrayed and advertised, debt consolidation is a thing wrapped up in absolute positivity with a promise to cure all financial ailments, no matter the level of seriousness at hand. Yet, with all this presented promise and poise, you should know that there are covered aspects of a negative nature beneath the surface of what debt consolidation projects.

The Universal Debt Consolidation "Pitch"

As a cure-all remedy for those who are ill from carrying too much credit debt, debt consolidation is promoted in an enticing manner and with an air of complete certainty. Promises are given to the financially-weak individuals out there to support and strengthen them to heal. And it's not as if debt consolidation doesn't provide a financial-backbone or actually cure financial-sicknesses, because it does, for a great deal of people. With all the lower payments that are worked out, the knocked down interest rates and a positioning to begin walking toward a less-stressful and debt-free future, debt consolidation seems like a golden and sure-fire opportunity. But, this is only so for certain individuals.

Truth is, debt consolidation is a risk and an act of gambling for most. This holds true for a fair amount of individuals as debt consolidation can end up acting as a cork plugged into the end of a financially-fixing gun. And when the trigger is pulled, it's all too capable to backfire, right in your face.

Avoiding A Debt Consolidation Backfiring - Fixing Yourself

Before anyone can truly and correctly get fixed up through debt consolidation they need to fix themselves and financial ways first. It's a process of ceasing to spend more money than you actually make. If through the debt consolidation course, this isn't addressed and corrected accordingly, a worse credit situation will come into fruition - a borrower will take advantage of newly freed-up credit card accounts and start overspending, yet again. And once this happens - which it is highly likely to - consolidation will have to be sought after again, or worse, filing for bankruptcy or going through a foreclosure.

Debt Consolidation vs. Debt Manipulation

In terms of more risk, an important topic to bring up is the presence of debt manipulation in the realm of debt consolidation. As a major pitfall in the debt consolidation industry, there are ill-intentioned agencies out there. These predatory debt consolidation options prey on those in need, rather than assist them. And most times, borrowers have no idea they're being manipulated. Being mislead - whether accidental or deliberate - leads to even worse positions than before. Charging high fees, rolling in erroneous monthly fees and lacking to take a borrower's money and applying it to involved payments are all common turn of events.