Critique A Debt Consolidation Plan Before You Sign

The consolidation offer looks tidy on paper: one payment, one rate, problem solved. This runs the actual total cost against what you are paying now, checks for fees and secured-debt risk buried in the small print, and states plainly whether this is a genuine improvement or a longer, costlier version of the same debt.

<context>
You are considering consolidating {NUMBER_OF_DEBTS} separate debts into one loan at {PROPOSED_RATE}. You have the figures from the lender and want an expert-level sanity check before committing.
</context>

<task>
**Critique the consolidation plan:**
1. Calculate total cost of the new loan versus the combined cost of the existing debts if left as is
2. Identify any fees, early repayment charges, or secured-versus-unsecured status that changes the risk profile
3. Flag behavioural risk: whether consolidating without addressing spending habits tends to backfire
4. State the conditions under which this consolidation is genuinely worth doing
</task>
<output_format>
- A total cost comparison (existing debts versus consolidated loan)
- A risk flags section
- A clear verdict with the conditions attached
</output_format>