Debt consolidation loans can provide many benefits, including the ability to consolidate multiple debts into one loan with lower monthly payments. While these loans will show up on your credit report, they are not very damaging to your score, at least under most scoring models. However, if you get debt consolidation loans from a finance company or similar business, they may be looked at negatively.  

When acquiring a personal loan, you should first assess whether you can comfortably pay the debt back. You can choose between secured and unsecured loans. Secured loans require you to put up collateral such as an asset. You can then borrow more money with a lower interest rate. On the other hand, unsecured loans require no collateral and may have higher interest rates. 

If you are looking for a good interest rate, check out lower fees lenders. These lenders tend to charge lower fees. These low fees may be huge factors for you when you are deciding to consolidate your debt. 

If you are trying to get out of debt, look for an add-on to your existing credit card.  

If you are worried about your credit score, avoid loading up on too much debt at one time. It is better to spread your debts out over a longer period than to have to pay off everything in a brief time. Balance transfers and loans often allow you to borrow money with extremely low interest rates, which makes this form of debt easier to handle. Instead of applying for a loan, pay off the minimum on your credit cards. Work on paying them off and consider looking into loans if you are having difficulty. 

There are steps you can take to be able to control your personal finances. It will take time, but your personal finances will improve. Just follow that advice.