- Look for a loan with a cheap interest rate. Your differing existing credit sources probably all have different rates but when consolidating, you'll want them to be overall as cheap as possible.
- Make sure that the repayment schedule is one that you can easily sustain. Don't tie yourself into a shorter term that has large repayments. It's better to get the loan over a longer term and be sure you can afford the repayments each month.
- If possible, find a lender who is prepared to allow you to make extra payments in case you should ever need to then miss a month or two.
- Try to get a fixed repayment term so that your payments won't alter with the interest rate.
- Try not to default on a payment - unless you've agreed it as part of the plan with the lender - as this can damage your credit file and make it harder to get credit in the future.
- Many people apply for the loan online which is fine but you should be able to reach the company in some other way. For example, if the company is run entirely online and they try to contact you by email after the agreement, if the email is sent back undeliverable to the lender, they can take this as a sign of default.