This can be a good idea if your loans have several payments due at different days of the month. By consolidating your loans you can raise your credit score and lower your monthly payments. If you want to consolidate your loans by applying for a balance transfer credit card, you should have at least fair credit. Otherwise you won’t be able to apply for a credit card with 0% introductory APR. Also, if your credit is bad, you may not be able to consolidate your all your loans at once. You may want to work with your loans without consolidation. Try to make all due minimum payments with all your lenders on time without skipping them. That will help you improve your credit and qualify for a credit card or a loan on better terms.