Consolidation
For some people, consolidating all their existing debts into a single loan can be a good idea. It does, however, depend on the level of your debt, income and repayments, but lower monthly payments are often possible.
Consolidation might not be helpful if you have debts over £15,000 and are struggling to make repayments. Taking on more financial responsibility is likely to make things worse, especially if the loan is secured on a property.
An IVA may be the best choice in this case.