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Debt ConsolidationThe simplest way to get debt-free is debt consolidation. That means getting all your debts in one place and paying them all off with a single monthly payment. Sound too good to be true? Here’s how it works. What you’ve got to understand is this: the debt isn’t the problem, it’s the interest. Odds are, you don’t just owe money to one person—you owe it to a lot of people. You owe the people who hold your mortgage, you owe the credit card companies and probably you owe your Uncle Max. That means you’re paying different rates to a lot of people that all want to be paid now. If all your money’s going to one person, then you won’t have to deal with a hundred angry creditors. You’ll also get a better rate, on average, because the just wants what you owe and, if he or she is honest, a reasonable interest rate. This is why it’s very important to make sure you have an honest debt counselor. Don’t worry, we’ll help you find one. |