1. Debt Consolidation through Retirement funds

For debt consolidation retirement funds can be used if there is no other option as most of the employers
provied retirement plans. Interests on the loans are not tax deductable. If
you are unable to pay the loan within 5 yeras duration than after analizing
IRS penalizes you. In case you decide to quit, the employer asks for the entire
loan. These funds provide a lower monthly payments to make and also helps in
credit card debt consolidation.

2. Debt Consolidation through Life insurance

For debt consolidation you can take money against the value of your whole life insurance. You can skip
the repayments as they don't matter. Actually what happens when you don't repay
is that the unpaid money of the loan is removed from benifits that will be given
to your recipients. I think you would probably repay the debt consolidation loan.

3. Debt Consolidation through Family or friends

Personal debt consolidation loans can destroy relationships in a great many ways. If there is
no other way out of credit card debt problems, then this should be considered.
If you have a rich family member or friend then take the amount form him to
pay your credit card debts.
Make sure that every thing is written down on paper and when you are free of
debt do pay the debt consolidation loan back if you want to keep good relations.

4. Debt Consolidation through credit union

Loans for debt consolidation have lesser fees and interest rates on them that are given by credit unions.
If you don't have the membership of one such union, contact your employing company
or organizations to find out whether you can join a credit union or not.

Conclusion

Everyone has his own lifestyle and problems. The above mentioned techniques are not equally effective for everybody. Each method has its own pros and cons. You must study all the options according to the situation you are in and then choose the debt consolidation method best suited for you to eliminate debt.