You can get all kinds of bad advice if you’re not careful. And we’re not just talking about the kind of advice you’re looking for to consolidate loans. You can get bad eating advice, bad relationship advice, and certainly there is a whole lot of bad advice when it comes to getting out of debt. Most of the time if it sounds too good to be true it probably is. But there are a few bits of information that always work when it comes to consolidating loans.

The first piece of advice you really need to listen to when it comes to getting out of debt, is to stop getting in debt. Every time you borrow money you can picture yourself with a shovel taking out a big scoop of dirt and tossing it to the side. It may not be very long before the hole you’ve dug is so deep it doesn’t look like you’re going to be able to climb out of it. So rule number one is put the shovel down and stop digging.

Once you have stopped digging you have to start filling the hole back in. It’s going to take time and effort to do so. And that means making a budget, cutting back on frills, and using the extra money out of your pocket to pay off what you owe. The only way you will ever get out of debt is to pay off your debt – that’s it. I know it’s not what you want to hear, but it’s the only advice you should ever listen to.

Forget about debt consolidation, forget about leveraging your home, just get a firm grip on how you spend your money, and make a real commitment to paying off your debts, cutting up your cards, and never picking up another shovel. How to consolidate loans can be very difficult, but it’s never impossible. You just have to decide to take the right advice. Visit bit.ly/consolidate-loans for more info.