Why is there a need for us to apply for a loan? Well, there have been so many reasons going on for this matter and you cannot instantly change the way that people may think on this. You cannot just make it to be a matter of giving off money to console someone rather, each of us has to earn it. Debt consolidation on the other hand is very difficult to handle. Yes, you might be paying your past debt, but what happens to your current debt? Don’t you just want a life without debts at all?