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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?

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Determining Your Debt-to-Income Ratio

Debt Guru

Or you got a loan with tax-deductible interest, like your student loan (provided you have utilized that ONLY for tuition, books, and rent). Bad: You signed on for a high-interest personal loan to cover that vacation last year. Or you’re still working to pay off your variable-interest auto loan from seven years ago.

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Credit card debt is surging at a record-high rate

Collection Industry News

Credit counseling agencies offer free or low-cost debt relief services to consumers who are struggling to manage their finances. A credit counselor may help you by: Analyzing your income, expenses and outstanding debts to create a budget. Signing you up for a debt management plan (DMP).

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How to Repay Debt: 4 Options

Debt Guru

Reach out to a credit counseling agency. They will create a debt management plan (DMP) for you by evaluating your budget and determining an affordable monthly payment for all your debt. Your credit counselor will likely get you a lower minimum payment and lower interest rates.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans.

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How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Credit Corp

When you can’t control your debt spiral on your own, you should contact credit counseling agencies first. They help cash-strapped credit cardholders to eradicate debts and establish a stable financial life. Credit counseling agencies offer this plan in exchange for a fee. Key Features of a Debt Management Plan.