Ways to consolidate your debt...

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I have recently found myself in $10,000 dollars worth of debt. I have many doctor bills, due to my bipolar, and many credit card debt. I have seeked for ways to consolidate my debt, and finally I have found ways. Check them out. Debt consolidation firms The finance company will typically begin by performing a background and credit investigation to determine the rate of interest and the terms of the loan it can offer you. It will then buy your existing debt and arrange a loan agreement that dictates how and when you will repay it. You will make a single monthly payment to the company for the principal amount borrowed plus interest and any applicable service fees associated with your consolidation agreement. Home equity Strategically leveraging home equity to repay high debt can also be a prudent tactic. The reason is simple: A second loan collateralized by your home is typically available at an interest rate that isn’t far off from that of a mortgage, which is typically much lower than that of credit-card companies and other creditors. Because many financial institutions fiercely compete for new business and existing market share, chances are that if you’ve maintained a reasonably good credit rating, your bank can offer you a home-equity loan that you can use to pay off various sources of debt. Bank loans If you don’t own a home, try to leverage assets in liquid accounts -- such as your savings account -- into a favorable loan arrangement with the bank. These types of assets can sometimes be used as collateral, and the amount of money you can save in APR and repayment terms between this type of collateralized loan and an unsecured credit line is usually staggering. All these ways can help you consolidate your debt. I am hoping to be successful with one of these options to get myself out of debt. Have you ever been or are you in debt? Tell all.