Is it possible to borrow money for personal loans debt for non homeowners? Maybe, maybe not. The issue is not really whether you own a home or not, it's whether you have any collateral at all and if you have the ability to pay the loan back. After all, there must be reasons why you got into debt in the first place and if one of those reasons was loss of income because you quit, were fired or layed off from your job, then bankruptcy would probably be a more appropriate consideration than debt consolidation loans, which must be paid back.
Since this article is about personal loans debt, we'll assume that you do not own a home. Do you own or are you buying any real estate at all and, if so, do you have any equity built up yet? This would make a huge difference in your loan chances if one of your pieces of collateral were some type of real estate with equity. If not, then let's move on.
Is there anyone that could co-sign on the debt consolidation loan for you? This would have to be someone that already has good, established credit with assets exceeding the amount of your combined loan amount. Anyone like a parent, sibling, trusted friend, business partner or acquaintance, ect. It really doesn't matter who it is as long as they have the ability to make the payments, in the event that you don't, and have the assets to cover the loan, in the event that you both default by not making the loan payments.
Do you have any life insurance coverage? This would have to be a particular type of life insurance known as "Whole Life". Whole life insurance policies build a cash value over time and you may actually borrow against the policy, if there's enough there to do anything with. The cash value on these policies doesn't just appear overnight, but comes from many years of regular premium payments and compounded interest. If you've had your policy for ten or more years there's a good chance that you may have an asset that you could use.
Other things to consider, depending on the amount of debt consolidation loan you need, are stocks, bonds, other personal assets such as vehicles, motor homes, boats, motorcycles, stamp collections, old coins, or basically anything of value that can be verified and then used as collateral.
Getting a loan for personal loans debt may not be the easiest thing in the world, however, with a bit of help and ingenuity, it's not impossible for you to do.