Some of the great kind of debt consolidation loans is:-
• 0% balance transfer plans in credit cards
• Personal loans
• Home equity loans
• Secured loans

0% balance transfer plans in credit cards can be great ideas and can serve as debt consolidation loans in many ways.  These loans can be used to repay scattered tit bits of loans.  But, something that needs to be carefully considered is with being able to repay the balance transfer bill before the 0% interest period is over.  If you are planning to repay this 0% balance transfer bill with another 0% balance transfer offer you need to beware that it can be one of the greatest recipes for bigger trouble.

Debt consolidation loans can dig in a very strong foundation stone for either abolishing your loans or to build in more loans. It all depends upon how you use it.  Personal loans, home equity loans and secure loans are some kind of other possible debt consolidation loans that one can consider.

Debt consolidation loans that are secured loans should be based on 3 things:-
• The amount of money to be paid off in loans
• The money that you can manage from the new loan
• Your real capability to repay the loan
• Selling a property for better

Sometimes the amount of money to be paid off in loans can be greater than what your can do with getting a new loan.  The sum to be repaid may be really unmanageable to be repaid from a new loan and even if you get a nee loan you may not have the capacity to repay the loan.  At such times even if the bank gives you the option of secured debt consolidation loans you need to think in better lines.  Better sell off the property and repay all that you owe and start fresh, live within what you have.  It is really easy to be with little expenses for living needs rather than living with a bunch of loans! Hanging on to property and creating more debt bills is of no use.