It has become very important nowadays to maintain a good financial record to facilitate transactions in the future. But whatever has been done cannot be changed. It can only be improved. To remove all unpaid debts pending on the borrower, a personal debt consolidation loan can be taken up.A personal debt consolidation loan is available to all kinds of borrowers disregarding their credit history. It is a very good opportunity for bad credit borrowers instead, to take up a personal debt consolidation loan and repay their unpaid debts. This will help in improving their credit score as all installments are given due importance.A personal debt consolidation loan can be taken up for an equal amount as the total unpaid debts of the borrower. This loan can be used to repay off all the unpaid debts of the borrower. This way the borrower will just have to repay only one installment every month and his entire burden is reduced.The debts of the borrower are charged at a higher rate of interest. By taking up a personal debt consolidation loan at a lower rate of interest, the borrower can therefore save his money by cutting down on the interest rate charged by the lenders. Also, the monthly outflow of cash of the borrower is also reduced causing him less hassle.Personal debt consolidation loan is available through many lenders online and offline who are ready to give money in two forms of secured and unsecured loans. For the former, collateral has to be pledged with the lender which allows a limit of £75000 to be borrowed. Through unsecured loans the range is upto £25000 and no collateral is required to be pledged. Term of repayment for personal debt consolidation loan is longer in case of secured loan option.A personal debt consolidation loan helps the borrower in removing his unpaid debts easily and he can remove all his debt problems and save money as well.