In the current climate, many people are struggling to pay off several large debts, with some barely affording to meet the minimum payments. The danger with this is that the minimum payment barely covers the monthly interest on a debt, meaning the actual balance only goes down by one or two pounds a month.
Of course, [...]

If you don’t own your own home and have no other security to take a loan out against, you might find yourself considering unsecured debt consolidation. Even if you have no collateral you should be able to find yourself an unsecured debt consolidation loan and, in a crowded market, many are available with reasonable rates [...]