Are you familiar with what debt consolidation options? You may feel overwhelmed if you have many smaller debts with varying interest rates. Debt consolidation may be the solution that you’ve been looking for.Keep reading to find out what can be done to help you with your options are.Get a copy of your credit report before embarking on the debt consolidationThe first step in fixing your debt is to know where it comes from. Know exactly how much you’re in debt and where that money needs to go. You won’t be able to get anything fixed if you do not sure of these things.Consider your best long term options when picking out the debt consolidation business that’ll be helping you. You must get your current situation under control; however, but you need to know whether a company can work with you as time goes on, as well. Some offer services and classes to help you out of trouble down the road.Before you do anything, look at your credit report carefully. To prevent the same mistakes in the future, you need to consider why you made them and how they affected you. Doing this will prevent you from getting into financial troubles once again.Do you currently hold a life insurance? You can cash it in and pay your debts. Talk to the insurance agent about what they can offer you. You may be able to borrow a part of what you invested in your policy to pay for your debts.You will save on interest costs and will only have to make each month.Once you have consolidated your debts on one credit card, you should work to pay it off before your introductory rate of interest expires.Mortgage rates are at an all time low, and that means now would be a great time if you’d like to consolidate the debts you have this way. Your mortgage payment could end up lower than it was originally.Just because a firm is non-profit doesn’t mean they are the best choice. Some imposters steal the term and make deals that are bad for the consumer. Go with a group that was personally recommended to you or look at the BBB.Once you have established a plan for consolidating your debt, start using cash for everything. You never want to start using your credit card cycle again. This will cause you into the same habits that caused problems in the first place. Paying with cash means that you just use what you have.