Before any tips are given about this problem, it is important that you look at the loan as a way out. It will only help you stay out of debt, though, if you take some drastic action to change your spending habits.

The first thing you need to do is to add up all of your debt and find out what the interest rate is on each of them. Make a list of each and jot down the interest rate. Then, calculate a budget so you know just how much it takes for you to live on each month. Eliminate some of the extras so you can stay out of debt.

You have a couple of choices at this point - depending on how much you owe. If it is not a lot of money, say, under $1,000, and if your credit rating is rather good, it may be possible to get a new balance transfer credit card with 0% APR interest. If you do decide to go this route, make sure the credit card has no balance transfer fees and that the introductory offer lasts for at least one year. This will literally remove all interest for the duration of the introductory offer, and some will even give you 0% APR for the life of the balance transfer. Be careful never to be late with a payment, though - you might find yourself suddenly in a high interest bracket.

The other option is to go online and look for a lender for a personal loan. This would be the more likely solution, but will give you a much higher interest rate. You can choose to put all of your debts on the new loan - or just some of them. By going online you can get several quotes for a personal loan to consolidate your debts.

Look over the various quotes that you received, and choose the one that gives you the features you want. Look for the lowest interest rate, the repayment time, and see if there is a penalty for early repayment.

If you are able to keep up with the payments of some of your other debts, and the new loan, then you want to select which debts to put on the new loan. You do not have to take out a debt consolidation loan for everything. In fact, if you can handle the payments, you should only put the debts onto the loan that have a higher interest rate than the loan itself. So, after you get the quotes, you may want to readjust your figures - once you know the interest rate that you can get.