Having a valuable asset, such as a house, a car or even jewelry, is a requirement for getting approval for a debt consolidation loan.  That means that you could be eligible for a secured kind of loan.  On that account, a loan lending company could offer you a home equity line of credit or a home equity loan.  Such loans could help you pay off all previous debts.  It is true that the lender company will charge interest, still, such a Debt Consolidation loan might just be the answer to all your financial needs.  You will soon realize that such a loan was the best option.