Personal Loan

One of my friends told me that he has just consolidated all his credit cards debt to a Personal Loan. His reason is so that he could manage his debts more efficiently and improve his current situation. Credit card interest rate is simply too high and with many different card companies, he seems to never able to finish paying off his debts! With debt consolidation, he only needs to pay one easy, low monthly payment which is expected to clear off in a couple of years. I hope he is making the right choices and get rid of his high debts for once and all.