By taking out a personal loan, you can pay off multiple outstanding debts, thereby eliminating the need to keep track of multiple payment deadlines and make multiple payments each month. This is known as debt consolidation, and it is a highly efficient way to start improving your financial situation.
However, keep in mind that what got you into the debt trap in the first place cannot be allowed to happen again. Getting a personal loan is just a means to an end, but the end goal for you has to be to curb pointless and impulsive expenditures. Moving forward, after paying off your current debt, you must only take on debt that you can comfortably afford to pay off each month. Try to avoid getting into situations (mentioned above) that could lead you into a debt trap.
Having said that, getting a personal loan for debt consolidation will help you in the following ways: