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Determining Your Debt-to-Income Ratio

Debt Guru

Or you resorted to a loan using your car as collateral. In addition to the stress it causes, a high ratio full of bad and ugly debts often means you don’t see your debt balance decreasing, despite making regular payments. your high-interest credit card balances one at a time using “snowball” or “avalanche” tactics.

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8 Ways to Consolidate Credit Card Debt 

Credit Corp

Types of credit card consolidation include credit card consolidation loans, balance transfer credit cards, home equity loans, HELOCs, retirement loans, cash-out auto refinance, family loans, and debt management plans. Table of Contents: What Is Credit Card Consolidation? You’ll need to pay closing costs.