There may be a better, more predictable way out of debt, however, and it involves a personal loan. (See also: 5 Times Personal Loans May Be Better than Credit Cards)How a personal loan can help you climb out of debtApplying for a new loan to work your way out of debt may go against the grain of common sense, but there are plenty of reasons a personal loan can work. With a personal loan to pay down debt, you know exactly what you're getting into. Create a spending planOnce you've shopped for a personal loan, you'll have an idea of your new monthly payment. Paying off your credit card debt with a personal loan can put you in a precarious position where you're tempted to start using credit cards again.