It's easy to get overwhelmed with easy to acquire consumer debt. Credit cards, available lines of credit, store financing, it can all add up little by little to a staggering monthly payment.
These payments can come in at all times of the month making it difficult to plan your budgets around effective debt repayments. Additionally, and more significantly, the amount of interest associated with these types of debt makes it a very expensive way to carry your owed credit.
If you are carrying significant consumer debt, you are likely paying a high proportion of your monthly payments against the accruing interest alone; and it can be very difficult to reduce the size of the debt with interest payments that can be as high as 20-30% annually. If you are in debt with high interest products, you should definitely consider debt refinancing.