Free, impartial help is available from organisations such as StepChange, National Debtline and Citizens Advice, which can review your situation before you apply. A debt consolidation loan may simplify payments, but it could cost more overall, extend the repayment period or put assets at risk depending on the agreement. Avoid firms charging upfront fees for advice, and check that any lender or broker is authorised by the Financial Conduct Authority. Compare the full cost carefully and consider a debt adviser’s recommendation before making a decision.