When you find the right debt consolidation lender or service, you'll need to prepare some documentation to get your loan processed. First, get your credit report. Make sure it's accurate and any accounts that have been paid off or closed are accurately reflected on the report. Next, gather all of your current bills. Know the balances, phone numbers and addresses of all your creditors. Next, gather your current interest rate information your average payment. Give all of this information to your professional debt consultant; they'll have what they need to find the right consolidation loan for you.