Debts create a lot of problems for every borrower. The problems can range from mental disturbance to bad credit problems for future borrowing. So the best decision for a borrower is to remove these debts completely. This can be done successfully by taking debt consolidation advice. Let us read more to have an insight on debt consolidation advice.Debt consolidation advice can be obtained from debt consolidation advisory agencies. The purpose is to remove the debts of a borrower and also preventing future accumulation of debts for the borrower.Debt consolidation advice involves taking up a fresh debt consolidation loan which is equivalent in amount to the total of all the unpaid debts of the borrower. The borrower can pay off all his debts with the debt consolidation loan in one go as a lump sum payment. This loan is borrowed at a lower rate of interest than multiple debts of the borrower.Debt consolidation advice should preferably be availed from a company that has a reputation in the market. If this is not the case, then it is just shifting from one vicious cycle to another as a dubious lender may take undue advantage of the borrower.Another feature of the debt consolidation advice is debt negotiation. In this, the lender or debt consolidation advice agency may negotiate the amount that is due to be repaid to previous creditors on account of the lump sum payment. This way the borrower can save some interest money.Debt consolidation advice can be availed by bad credit borrowers also. They can also improve their bad credit history by repayment of the debt consolidation loans timely and this serves as a major benefit for borrowers with bad credit.Online research and comparison is very important while availing debt consolidation advice. This is so because there are a number of debt consolidation agencies and lenders online who can help guide the borrower remove these debts.Debt consolidation advice should be availed by borrowers who have accumulated debts so that they do not have any credit problems in the future whenever they want to take up a loan.