The financial crisis was a wake-up call for those who needed to reign in their spending and limit the amount of debt they carried. If you want to end the year with less debt than you started with, then taking out a consolidation loan could be the answer.
What is a Consolidation Loan?
Basically these loans cover the existing balances on all your other unsecured debts, leaving you with one monthly repayment. They can cover anything from credit cards and store cards to personal loans. As the loan is secured on your property, some lenders can offer poor credit history loans. However, if you miss repayments, you could put your home at risk of repossession.