I have bad credit and I am in the debt consolidation. will anyone give a refinance with a payout to pay off the debts?

It depends on how bad your credit is. What is your credit score?

My guess without knowing more, is No! Many debt consolidation companies fail to provide timely payments for several months after the debt consolidation program begins, so you would certainly see more negative marks on your credit that are current, before the credit improves. If you are handling these accounts yourself, then my previous statement may not apply. You need to have many things working in your favor, including Equity in your home as well as meeting the Income, Employment, and Asset requirements among others. So, the best advice would be to speak to a mortgage professional and complete a full application so your credit can be pulled. Once they see your credit, they should hopefully give you advice on what you will need to do to bring your score up to meet their program requirements. That would be my advice on how to start the process. Good Luck!

Bad credit (how bad is it?) and being in debt consolidation are two major strikes. The debt consolidation program tells us you couldn't handle paying your own bills, and scares the heck out of lenders. No one here can tell you 100% unless they have a full and complete application.