A debt consolidation loan can help manage your debts by combining multiple debts into one payment, potentially at a lower interest rate. However, it doesn't automatically write off any debt; you still need to repay the total amount borrowed. If you're struggling with repayments, you might consider other options like an Individual Voluntary Arrangement (IVA) or a Debt Relief Order (DRO), which could lead to part of your debt being written off. It's advisable to consult a debt advice charity or a financial adviser to explore the best option for your situation.