Consolidating your debt loan can save you a pile of cash, but it's vital you check the small print before you sign up to anything that might end up charging you a fortune. Good debt consolidation companies can save you money on your loan payments by consolidating them into one, so you're paying one medium-sized loan interest once compared to lots of smaller ones separately. Tread carefully, but the right deals are worth it to save you time, money and worries.