What are the disadvantages of debt consolidation loan?

One of the disadvantages of a debt consolidation loan can be that the loan term is extended further. Hence you pay more interest. Also, especially considering car loans being consolidated into a home loan you could be paying the car loan even after selling the vehicle. However, each case needs to be assessed on their merits. As if you are unable to meet your loan payments you may require a repayment reduction to manage your budget. As a result, in this case a debt consolidation may be a suitable option. However, all the pros and cons needs to be considered.