Having a good relationship with your bank or credit union is going to help but eventually every financial institution reaches its limit. If you find yourself scouting banks for loans because your main bank says you are maxed out with them then it may be time to get some serious financial advice from a professional. A debt consolidation loan can be a great help to people who may not be able to handle the large amount of debt. A debt consolidation loan is a loan that is taken out for the sole purpose of paying off debt. You can get these types of loans in various ways.