Debt-ConsolidationB

Debt is such a funny thing. 
It’s like the opposite of money – you
could say the absence of
money.  Yet, it
holds a place of its
own.  It’s
almost tangible, occupying
many of the same spaces as money does, only in a starkly different
(i.e.
completely opposite) manner.  Your
wallet
could be filled with money or filled with debt.

            I guess the same goes for aggregating your money into a savings account, stock, mutual fund, or any other collective pool.  You could also use debt consolidation to pool together your various debts together.  Of course, like collecting money into one location, the whole becomes different from its constituent parts.  Debt consolidation makes each debt very different.  It can alter interest rates, repayment plans, and will change the overall amount of debt you have.  But hopefully, you’ll be better off in the long run.  Otherwise, I’m not sure why people would opt for debt consolidation.  There must be something valuable to it.

            What happens if your consolidated debt itself begins to add up and grow your overall debt?  Could you get debt consolidation for your debt consolidations?  I guess debt is debt, and the benefits of consolidation could apply to any sort of debt, even consolidated debts.  By collecting all your debts in one pool, you can tackle the big load in a more systematized way and can start chipping away at it efficiently.  Also, it’s so much easier logistically, since you don’t have to worry about a myriad of different interest rates and repayment plans.

            Maybe this is sort of the same mentality of bulk sellers and buyers.  You could sell a thousand dollar handbag once a week from an upscale store in the mall, or sell thousands of three dollar t-shirts through a chain of mainstream distributors.  Both may yield the same profit, or perhaps the bulk seller will actually profit more.  The same goes for bulk producers.  I would rather spend extra resources to raise fifty cows rather than pour lesser resources into caring for two cows and selling off any meat or milk bit by bit.  Consumers can also benefit from bulk producers and sellers and buyers.  The quality of the product is better and they can trust that they are more specialized in what they do.

            I guess my main point is that the rationale behind debt consolidation can apply to many other areas, and can definitely apply to consolidation of consolidated debts as well.