The first thing to do is analyze their income and their debt levels in order to determine whether you can repay all within acceptable and appropriate conditions as those potentially offered by your financial institution. Often when a person is willing to consolidate these debts, it may already be too late and he has failed to pay certain months which lowers their credit rating. The banks will then be reluctant to grant you a loan.

Sometimes they do not remain as finance companies, they will be less demanding on the accounts they will ask an interest rate very high.