If you have even a passing interest in the topic of debt consolidation, then you should take a look at the following information. This enlightening article presents some of the latest news on the subject of debt consolidation.According to the Federal Reserve, Americans carry on average, $5,800 in credit card debt from month to month. Making the minimum monthly payment on that debt would take 30 years to pay off and include an additional $15,000 in interest. According to the Administrative Office of the Courts, 2,078,415 bankruptcies were filed in 2005—the largest number of bankruptcy petitions ever filed in any 12-month period in the history of the federal courts. With mounting credit card debt and the new tougher…There’s a lot to understand about debt consolidation. We were able to provide you with some of the facts above, but there is still plenty more to write about in subsequent articles.

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