For me, 2009 was a year of spending. But 2010 will be different. 2010 is a year for me to clear my debts.I don’t have too many debts, and I can afford my monthly repayments - but I would just like to make them easier to manage. There is a simple way I could do this, and that is by consolidating my debts - which is definitely something I will be considering.debt consolidation involves taking out a new loan and using it to repay all my outstanding unsecured debts in one go, which would leave me with just one debt to repay instead of several.