In addition, if you're juggling multiple loans, combining them means that you'll only have to deal with one monthly bill. Since late payments are factored into your credit, having a more manageable payment system could make it easier to build better credit.
Many financial advisors consider bankruptcy a last resort, and recommend evaluating all other alternatives first, such as debt management.
If you have decided that you want to consolidate your debts, the choices you will face could quickly get stressful and overwhelming. Given the risks of losing your home and amassing debt, it's wise to proceed with caution.