l am seriously considering debt consolidation, really need to get out from under loads of late fees and the companies just keep raising the interest rates, and l can not see any other way out. Has anyone had experience with consolidating their debts?Good, bad, any opinion at all, will help.Thanks, peace.

l went to MM l (Money Management International) & worked out a debt management plan. It was working out just fine for me. .but 9 months later my employer had a pretty good sized layoff & cut hours for the rest of the staff. In my case l lost out on 6 hours overtime each week. That loss seriously hurt me financially. l continued struggling with the DMP but after about 4 months of that l was starting to worry that my car was going to get repo'd so l finally broke down & filed a Ch 13. Once its paid off l have NO intention of getting myself into another ''financial pickle'' like this.
Anyway, under a DMP u pay the agency a certain amount each month & they disperse it to all ur creditors. Your creditors r not allowed to contact u after they have agreed to participate. ..and just like a Ch 13 u r not allowed to have credit cards or finance anything. If u do ur creditors can & probably will drop out of the plan demanding immediate payment in full.