Visit our site http://www.allaboutdebts.com for more information on All About Debts.Here is information regarding all about debts. Very simply put, these loans are taken to offset your previous loans and repay them in one single monthly payment, with a lower interest rate and an extended loan term. The other good thing about debt consolidation loans is that, with the help of negotiation, you will no longer have to handle your creditors directly.