Debt consolidation loans are made for those individuals who are reeling under the pressure of an umbrella of loans incurred under different terms and conditions that are resulting in juggling payment schedules and frequent payment defaults that result in more penalty amount added to the principal amount of the loan thus making it more difficult for you to service your loans
Debt consolidations loans make you take a loan big enough so as to pay off all your loans in just one go and combine all your unsecured debts so that you make just one single monthly payment to your debt consolidator who uses this amount to make payments to your creditors. These loans also negotiate with your creditors at times to reduce the interest rates applicable on your loans.
There are provisions for unsecured consolidation loans where you don't need to have a security in the form of a asset for availing a loan and then there are provisions for Bad credit consolidation loans for people with bad credit history against their name. So whatever may be the case with you but debt consolidation loans can solve it to a greater extent.
Unsecured loans in the UK is given to people who are necessarily an citizen of the UK and are 18 years or more than that old and they should have an active bank account against their name and these debt consolidation loans will make you free of all your debts and thus upgrade your credit rating and your image in the financial world as a borrower.
If you can get a Debt consolidation loan in the UK with a reduced interest rate, that may be a good idea since you'll be saving money, enabling you to get out of debt faster. However, if the interest rate isn't lower, and the repayment tenure has been made longer in order to reduce your monthly payments then look elsewhere for answers to your debt problems.