Secrets to consolidating debt

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Consolidating debt is often your best alternative in these situations, and a counselor can help you with the process.

The best way to consolidate debt is to consolidate in a way that avoids taking on additional debt.

Would you like to learn more about the best way to consolidate debt?

Your credit counselor works with your creditors to try to reduce your interest rates and eliminate extra fees, like late charges or over-limit charges.

Others might consider transferring balances to one credit card or getting a consolidation loan.

However, consolidating balances to one credit card or using a loan can be risky because, if you need to borrow additional money, it may be tempting to use one of the accounts with a zero balance.

Here are some tips to achieve this: Despite anyone's diligence in managing their money wisely, sometimes financial hardships happen because of a job loss, medical condition, divorce, or other life events.

If you have problems making ends meet, contact your creditors or a legitimate non-profit agency that specializes in credit counseling services for assistance.

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