A single event can trigger financial calamities; an unexpected celebration, a medical emergency, you can’t predict when life decides to throw a curveball. With increasing, debt and bills, opting for a debt consolidation program can be quite helpful. As the term suggests, your outlying debts like credit card bills and loan repayments can be integrated into a single EMI repayment option. This can help you simplify your payments but it does not minimize or remove your existing credit bills.