One problem with owing multiple companies money is all the paperwork and administration that multiplies in front of your very eyes, with each company having different procedures to follow, and often different dates for payments to be made.

If you decide to take out a debt consolidation loan, many of those hassles are reduced - one Point Of Contact, one payment date, and only one address and phone number to remember

If you check out the Thrifty Scot website, you will find a section devoted to articles on all sorts of financial matters, from loans to mortgages, credit cards to insurance all there, titled well. I particularly found the articles on How to avoid loan application rejections and Foolish debt consolidation options of interest.