A debt consolidation loan could combine several debts into one monthly payment, but whether it helps depends on the interest rate, term, fees and your ability to repay. A longer term may reduce monthly payments while increasing the total interest, and using a secured loan could put your home at risk if you fall behind. Compare the full cost and check that any lender or broker is authorised by the FCA before applying. If you are struggling, consider free guidance from MoneyHelper, Citizens Advice Scotland or StepChange before taking on further borrowing.