You will be able to pay your high interest credit cards, payday loans, and other types of debt.

While a debt consolidation company is a great option to consolidate debt with bad credit. You will just have to call each creditor to close your account, explain your financial situation and negotiate the rate down and set up a monthly repayment plan.
If you own your own home and have built up equity you can use that equity as collateral for a loan.
However, these loans will require good credit history, usually at least a 660 FICO score or higher is required.
But this is one of the cheaper debt relief options because it’s a low-interest loan.
One of the advantages of this debt relief program is that you don’t need perfect credit.
In fact your credit score doesn’t matter at all, everyone is accepted.
A debt management plan, or DMP, is offered by credit card debt consolidation companies. What happens in a DMP is your cards will all be closed.
The company you choose to work with will negotiate your interest rate down and set up a repayment plan. You will pay one fixed monthly payment to the consolidation company that is then dispersed to your creditors, minus their fees.
You can transfer the balances of the high interest accounts to the no interest card.