Debt consolidation plans are for unsecured credit, so it excludes secured loans like car or housing loans. If you took out a loan for a specific purpose, such as a renovation, education, medical or business loan, it also cannot be consolidated under DCP. Your total debts need to be more than 12 times your monthly income in order for you to qualify for a DCP loan. (Although, if it’s less than that, you can still take out a personal loan to consolidate your debt.)