How to Use a Personal Loan to Consolidate Your Debt Some people are opposed to the idea of taking a loan to consolidate an existing one. However, there are instances where you are forced to take a personal loan to clear your debt. At least it helps to clear multiple debts unlike when paying your debt one after the other.  The most important thing with choosing this plan is that it prevents interest rates from accumulating. But make sure you make good decisions that will not compromise your steps to financial freedom.  Below are some ways that will help you understand how to use a personal loan to consolidate your…