Sometimes people will turn to getting a debt consolidation loan because of a lot of credit card debt. Consider debt consolidation pros and cons before making this decision though. Often you will want to get this type of loan because the credit card interest rate is eating you alive. If you spend more than you make you are a likely candidate for money troubles at some point in your life. Learn to control your spending before doing this because if you do not learn this you will be in bigger trouble than you were when you started.