If you're in financial trouble and you don't have property to offer as security you may need to get an unsecured consolidation loan.
If you own property you can use it as collateral to borrow money.
However, even if you don't own property you may still be able to borrow money and consolidate your debts.
You will need to do some shopping around because there are many finance companies and they all have their own repayment periods and interest rates, so you'll need to work out which repayment plan works best for you.
Because you don't have any collateral to offer as security you'll find that you're probably being charged a higher rate of interest on the money that you're borrowing.
This is because if you default on your payments the finance company cannot seize any property.
When searching for an unsecured consolidation loan remember that the purpose is to get your monthly payments down to an affordable level, pay off all your debts, and get the creditors off you back.
Don't be tempted to accept a loan if the payments are still unaffordable, it will just cause you more problems if you fall deeper into debt.
Before you borrow any money check out the company's reputation.
Unfortunately there are companies who may use heavy handed tactics if you don't pay on time.
Make sure that you borrow from a reputable company or you'll end up regretting it.
Be honest when you complete any forms and don't hide any debts; just tell it like it is.
Debt causes misery to millions of people and for some the answer is to apply for an unsecured consolidation loan.