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  • Will You Add? - Debt Consolidation and Debt Reduction - What Are Your Options?

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    n debt.

    Get a loan

    A debt consolidation loan can lower your monthly payment and, in the long run, you may pay less because of a lower interest rate. Home Equity Loans or

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    If you're stretching your budget each month to pay bills and creditors, chances are you're looking for a way to get a little financial relief. Fortunately, you can either consolidate or reduce your debt to remove some of the pressure. Here are some options:

    Do-it-yourself

    Many of your creditors may be willing to work with you to help you make your payments. Simply pick up the phone and give them a call, and ask for more lenient terms or a lower rate. If they don't agree, you may want to consider transferring your balances to a lower rate credit card. Either way, make a concentrated effort to pay a little bit extra on your cards each month. Forgo that fancy coffee or skip that take-out pizza on Friday. Use any savings to pay down debt.

    Get a loan

    A debt consolidation loan can lower your monthly payment and, in the long run, you may pay less because of a lower interest rate. Home Equity Loans or

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    uce your debt to remove some of the pressure. Here are some options:

    Do-it-yourself

    Many of your creditors may be willing to work with you to help you make your payments. Simply pick up the phone and give them a call, and ask for more lenient terms or a lower rate. If they don't agree, you may want to consider transferring your balances to a lower rate credit card. Either way, make a concentrated effort to pay a little bit extra on your cards each month. Forgo that fancy coffee or skip that take-out pizza on Friday. Use any savings to pay down debt.

    Get a loan

    A debt consolidation loan can lower your monthly payment and, in the long run, you may pay less because of a lower interest rate. Home Equity Loans or

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    Simply pick up the phone and give them a call, and ask for more lenient terms or a lower rate. If they don't agree, you may want to consider transferring your balances to a lower rate credit card. Either way, make a concentrated effort to pay a little bit extra on your cards each month. Forgo that fancy coffee or skip that take-out pizza on Friday. Use any savings to pay down debt.

    Get a loan

    A debt consolidation loan can lower your monthly payment and, in the long run, you may pay less because of a lower interest rate. Home Equity Loans or

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    it card. Either way, make a concentrated effort to pay a little bit extra on your cards each month. Forgo that fancy coffee or skip that take-out pizza on Friday. Use any savings to pay down debt.

    Get a loan

    A debt consolidation loan can lower your monthly payment and, in the long run, you may pay less because of a lower interest rate. Home Equity Loans or

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    n debt.

    Get a loan

    A debt consolidation loan can lower your monthly payment and, in the long run, you may pay less because of a lower interest rate. Home Equity Loans or Home Equity Lines of Credit are commonly used to pay off creditors, thereby consolidating debt into one monthly payment. Moreover, these types of loans typically have super low interest rates and some tax benefits, too, which could save you money.

    A debt management service

    Also called a debt consolidation service, these organizations (often non-profit) help you regain control of your finances. They'll assess your personal situation--including your creditors, your current interest rates, your balances and your income. In many cases they'll contact your creditors and negotiate on your behalf for a lower interest rate or lower monthly payment, both of which can help make your debt payments more manageable. Most of these companies

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