Ok, so I left university about two years ago, and I've been struggling with my unsecured debts ever since.

Every month I dread having to make my repayments because I'm scared that I'll have spent too much on other things and I won't be able to afford them. I have to make four separate payments each month, all different amounts to different creditors - and it's really starting to get me down.

My friends have all been really supportive, and offered me help when I've needed it the most. They even suggested that I should look into something called debt consolidation - so I did.

After reading about debt consolidation (which I will explain now), I have decided that it could be right for me.

Debt consolidation would involve me taking out a new loan big enough to repay all my existing debts. This loan would replace all my old unsecured debts and leave me with just one debt to repay - which means I would only have one payment to make each month instead of four.

Not only will I have three fewer payments to make each month, but the debt consolidation loan's interest rate is actually considerably lower than the rate on some of my current unsecured debts - so I would save money in interest.

I have thought long and hard about whether I should take out a debt consolidation loan, and I have decided that I really should do. It should improve my financial situation considerably and help me repay my debts in an affordable manner. Not only that, but I should be a lot less stressed, which means I should be able to get on with my life without worrying about my finances all the time.