UK consumers looking for debt consolidation loans to help dig themselves out of debt, must remain disciplined until the loan is repayed.
That's the view of Fool.co.uk who say that many consumers use consolidation loans to pay off existing debts, only to use the free cash they generate to spend further.
David Kuo from the group commented, "Four in ten people take out a loan to consolidate their debts but research shows a high proportion go on to amass further debt."