If you have been researching ways to take control of your mountain of debt, you might have heard of debt consolidation. Debt consolidation is a pretty simple practice that can work wonders when it comes to your financial situation, particularly if you are in a lot of debt. Basically, TD Bank will extend you a loan that you can use to pay off your existing debts. This loan should come with a lower interest rate than many of your loans and credit cards. Plus, you can work out a lower monthly payment than what you are probably paying now by paying each of your bills separately. Plus, the great thing about using TD Bank for your debt consolidation needs is that it is a well-known and well-established, award-winning bank. Plus, they work with both prime and sub-prime customers, so even if you don't think you'll get approved, there is a good chance that you don't have anything to worry about.