Ü One debt solution is to pay more than the minimum amount due each month. This is a loan wherein you can borrow an amount with the value of your house. While you can find many ways to resolve your debt problems these solutions must be valid for the problem that you have. In this case, make sure to find a reliable credit counseling company. With this scheme, you can avail for a lower interest rate compared with your current credit interest rate. But read their terms of agreement carefully because their might be a catch somewhere such as a greatly increased APR by the next year. However, most plans can get you out of short term debt in less than five years. This is an significant step as otherwise these debt solutions will end up turning into another debt that you need to concern about. Another is that it has a longer time for payment in a reduced rate. Being in debt may be an embarrassing thing but the reality is majority of the people you know may be in the same situation. These agencies will provide you with loans that you can use to settle your debts. Many offer free savings and checking accounts with free overdraft protection and checks, free online bill paying and more. Home equity or personal loans have much lower rates than credit cards. The amount settled is usually 50-75% of the original amount borrowed. So, you might feel hopeless with no solution within sight. Being in debt may be an embarrassing thing but the reality is majority of the people you know may be in the same situation. They present debt payment strategies, which can include consolidation, debt management, or negotiation. This is usually the trap that is being set up for unsuspecting consumers - very low minimum dues. BASICS Lower insurance deductibles for your homeowners, renters and vehicles policies where appropriate and save money. Sometimes store policy allows for no errors, meaning you get the items free if it wrings up wrong. Debt problems have taken the high tide with a huge number of people struck with the disease of debt everyday. All of these steps are the beginnings of a person's getting into debt. They may refer you to debt consolidation just to give you some breathing room. About The Author: The author has been in the financial industry for a considerable period of time and has been assisting quite a few reputed banks and other financial institutions. With your income, you realize that you can manage to pay only the interest. In this way you will identify where your money goes. What are the best ways to be free from debt? Is there a person who is debt-free? How can you be debt-free?. In this way you will identify where your money goes. For this ground when you are looking for at the dissimilar debt solutions that are readily useable you may want to have a good idea of how much disorder you are in. In this scheme we consolidate your debts, negotiate with the creditors, reduce your debts to a massive 40 per cent 60 per cent and restructure your payments in easy monthly installments. Some credit card companies actually welcome this as a debt solution versus not recovering the debt. After the settlement, there is a structuring with the payments to be made.