Debt consolidation calculators are very useful for those who are having problems with debt. Debt adds up quickly and sometimes before you know it you are drowning in debt.A debt calculator is a great tool to assess your debt and find ways to consolidate it and make it more affordable. Not only are they convenient and easy to fill out, but they are also cheaper than going through a consolidation center. Most consolidation centers do help to eliminate debt but they also charge interest on the consolidation loan and many of them charge a “research fee” just to do the job you’re already paying them to do!Debt calculators are very easily accessed. There are quite a few debt consolidation calculators people can use on the Internet for free and they basically work like any calculator. You put information in it and it gives you the product.Most debt consolidation calculators ask you general information about your debt. Generally, the first questions on the calculator are about credit card debt. They ask how many credit cards you have, the limit on the credit cards and the interest rates. The next few questions will have to do with personal loans, auto loans, hospital bills, etc.For each debt you will need to know how much is owed in full, how much minimum monthly payments are to be made and the interest rates on the debts. After all of this information is put in the consolidation calculator, it will give you results of how much of a loan you would need to consolidate your debts and get a lower monthly payment.It is important, when wanting to try debt consolidation, that you are cautious of where you get your debt consolidation loan. When you do get the loan, the interest rates must be good in order to benefit from the consolidation. Many banks offer loans that are used specifically for this purpose. It is worth the extra time to check with any banks available to see where you can get an affordable debt consolidation loan and more importantly one which suites your needs.