If you have credit card debt that has a hefty rate of interest, you might want to try to pay it off by any means necessary but you don’t have the funds on hand to do so. You might have a sufficient credit score or home equity that you will be able to get the funds to pay off this credit card debt without having any money yourself. The proceeds from the personal loan or the home equity will go toward spaying off this debt. You will then need to meet the repayments on the respective resulting loan.