You can use personal loans to consolidate your debts and thus repay several of your debts with a single monthly payment. Although this may simplify your debt repayments and possibly save you some money, it’s not always a sure thing.
As such, it’s best to research alternatives and compare their various interest rates. One possible option is doing a balance transfer on credit cards. If your goal is to repay debts, then debt consolidation through personal loans can help you remit multiple accounts into one monthly bill, which helps you manage multiple accounts at the same time.