Plastic money can really a big evil, especially when you are in height of luxury. You get to see a lot of new luxuries that it hides away the credit card bills from you and soon you are in a bad shape. There are also many cases, like many of my friends who are in debt, because they are in graduate school. This happens to many people and no matter what, you get little help from the lenders to repay your debt. You can however ask for help from outside, who can provide you with tons of options for debt consolidation. The first and fore most activity involved in a consolidation is to get proper debt consolidation information from experts. There are a lot of experts, who can help you reduce your debt by a factor as much as even 40%. The magic part of this though is that you can see this process getting done in a matter of just 30 minutes or even lesser. You may also want to check chapter 13 bankruptcy, if you qualify for the same.