A debt consolidation loan combines debts into one payment, while StepChange can review your circumstances and suggest options such as a debt management plan (DMP), which is not a loan. A loan may reduce your monthly payment but could cost more overall, especially if the term is longer, and your application may affect your credit record. Before deciding, compare the APR, total amount repayable, fees and affordability, and check whether existing debts have early-repayment charges. StepChange offers free debt advice, while any lender you consider should be FCA-authorised; the most suitable option depends on your individual circumstances.