If you’re struggling with debt, you may be considering a personal loan to consolidate your debt. A personal loan is a lump-sum of money that you can use to pay off multiple debts, such as credit cards, student loans, and medical bills. This can help you save money on interest and make it easier to manage your finances. However, there are also some potential drawbacks to using a personal loan to consolidate debt. Here are some of the pros and cons to consider: Pros of using a personal loan to consolidate debt: Lower interest rates. If you can get a personal…