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Getting a decently lower rate is a great idea, if you can get the lower rate, but do not use the loan to get you out of debt and then 'treat yourself' to some nice things with the extra money. Take just what you need and keep your payments down. Consolidation of debts is a great idea, but do it with the lowest rates you can get. You can also do it without the loan, concentrate on the debt that is the most painful finance charge wise. (That may be a combination of high interest rates and high outstanding debt tha combine to make it so.)
Check with any of the agencies that are out there which offer free credit counselling, or low cost counselling.
Getting the bank loan is actually a good idea for another reason, because it actually helps you establish your credit rating or bolster it, unsecured or not. It's a few steps above credit debts.
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