Unsecured debt consolidation loans are usually not in the picture because of the hard parameters you need to be issued them to begin with. In addition, you normally need to put up some sort of security like a home or automobile to get the loan. Honestly, some kind of debt settlement structure, or perhaps bankruptcy is the only avenue for someone in that position. At least with a settlement program, a consumer could get out of their debt quite fast compared to the other programs. That is if it is the right option for their own state of affairs. Unfortunately, tons of Americans are going through the downfalls of credit card debt.