If you find yourself struggling to stay afloat in a world of debt, you have probably considered loan consolidation. Whether your debt is a personal or business debt, there are debt consolidation loans that take the hassle out of repaying your loans and make it easier for you to get back on track. However, there are some important factors you need to consider when looking to consolidate loans in order to make sure you are not putting yourself further trouble.Because debt is such a prolific problem in America, there are plenty of companies who offer consolidation loans, and other debt management services. However, these companies make money by taking a portion of the consolidated payment. The amount that is taken by the company depends on each company, but ideally you want to find a service that offers loans consolidation and debt relief, all without cost to you.There are plenty of non-profit organizations that provide debt counseling. These counseling services can be one of the better ways to find the best debt consolidation loans for your needs, since the loan counselor is able to analyze your situation and determine how much you can pay monthly while consolidating your debt. Most debt counselors will tell you that payday loans are a bad idea and only contribute to your further debt because they have unrealistic repayment schedules. By borrowing against money you have not earned yet, you are setting yourself up for further debt.The best debt consolidation loans will be those that work with all of your creditors to get your monthly payments into a manageable range without taking a large portion for themselves. Some commission for the service is understandable, but anything above 30% is unreasonable and you should look elsewhere.Secondly, you should remember that loan consolidation and repayment is not an instant process. Working with your debt counselor can mean getting to know each other well over a period of years as you work to repay your debt. The purpose of this relationship is to help you understand the financial behavior that resulted in such an accumulation of debt so that you can better identify these bad tendencies and avoid them to prevent further debt.Debt consolidation is a learning process as much as it is a healing process. Taking it seriously and listening to the advice of your counselor is often the best thing you can do to help yourself, since getting out of debt means nothing if you do not develop safe spending and saving habits.