Is there any settlement loan available?

NO, you can apply for a consolidation loan. There is no concept of a settlement loan.

If you can repay a new loan, why don;t use the amount to pay back your existing ones. Negotiate with the creditors and settle the debt.

No. What you can get is only a settlement program.

No my friend, there is no such thing as "settlement loan".

You can take out a loan for paying back debts but no settlement loan as such. Opt for counseling if required.

How can you use a loan, to negotiate???

You gonna bribe them??? Like.. if they Settle on $500 for a $1000 debt, then you will give them $300 by taking out a loan???

It absurd!!!!

No!! as everyone said, there's nothing lika a "settlement loan"..

Debt can be destroyed!

Consider a $15k total of unsecured debt.

Would $250/month for 36 months be manageable to watch it disappear and also get free credit Repair?

I think you are referring to consolidation loan? Settlement companies work to negotiate the amount of interests and fees you would pay back to those lenders. I got my self in a bind over some short term payday loans and worked with a company to achieve a settlement I could financially afford. You can always give them a try and see if they are able to assist you. Best of luck to you!