A personal loan can be the best bet if you have a number of debts which you wish to consolidate into one loan. In doing so, you ought to be able to simplify your affairs and often reduce the overall cost of credit. If you're looking to borrow money over one to five years, a personal loan could be right for you. To decide on what sort of credit is appropriate to your circumstances, you should consider a number of factors. Ask yourself the following questions:

• How much do you want to borrow?
• Over what timeframe do you want to be repaying the loan?
• Is finding the lowest interest rate the most important consideration or are you willing to pay more for (say) the convenience of borrowing on a credit?
• How much can you afford to repay per month?