Hardworking people with good intentions get into debt, that’s a fact of life. If this is you, then one of your options is a consolidation loan. If you have debt that is causing you difficulty, and no way of generating additional income to repay it in a timely fashion, then you will have you take steps to recover the situation. A consolidation loan will not negatively affect your credit rating but it depends upon you having equity in things of value that you own such as a house or car. For instance, if you had $50 thousand dollars equity in your home you may be able to arrange a debt consolidation loan and use that to pay off your debts. This is only part of the solution of course – you must also get control over your personal spending, otherwise you will find yourself in debt again very soon. One of the most effective steps in getting your life back is to contact a professional Trustee for free and confidential advice. They can help you make sense of the options you have and support you in taking the next step.