Consumers who find themselves in credit card debt often turn to debt loans as a means to payoff credit card debt. This is not a solution so much as it is a snowball effect putting you further into debt. The debt loans are often secured loans which are tied to the equity in ones home. Meaning, in order to qualify for a credit card consolidation loan, a consumer must own a house and have some sort of positive gains in the loan in order to get that loan. Even if this was possible, it's never recommended as a loan is just a band-aid and doesn't work to actually fix the problem in question.
Debt loans: It wont help you
Creditors won't give debt to someone who's already in debt. Creditors and banks are in business for one reason and one reason only, and that's to make money. If a creditor knows your in debt, but the consumer is willing to put up their home as a promissory note to satisfy the loan, then that's when the creditors will often issue the loans to the consumers. When consumers do this, they turn everyday unsecured debt into secured debt which doesn't work to fix the problem in question. It wont help you if you obtain a debt consolidation loan.
When considering getting out of debt, the best ways to do this would be to avoid debt loans in general and seek debt management credit counseling. This will keep the accounts current and by doing this, consumers will find help without the need to obtain a loan. If consumers cannot afford the payment amount in that type of program, settlement is often the next route taken to get out of debt. By doing settlement, consumers will be able to get the lowest payment possible and neither of these two solutions will require the consumer to secure the debt. In summary, avoid debt loans period as they don't help consumers get out of credit card debt.