Almost anyone seeking to get out of debt can qualify, but the specific plans available to you will depend on your income, assets, total debt liabilities, credit score, and other factors. Generally, you must have enough income to make a monthly payment into a settlement fund, which will be used to settle with your creditors. In other cases, you will use your monthly payments to pay down a debt consolidation loan, which you can use to pay off your various debts at a lower interest rate.