Check your credit score and review your debts
Decide how much you need to borrow
Compare consolidation loan options from banks, credit unions, and online lenders
Gather required documents such as ID, income proof, and debt statements
Submit loan applications to multiple lenders
Review interest rates, fees, repayment terms, and monthly payments
Choose the best loan offer
Accept the loan and use the funds to pay off your existing debts
Make on-time payments on the new consolidation loan
Avoid taking on new debt while repaying the loan