A report issued by the Pew Charitable Trusts in July 2015, stated that 80 percent of consumers in the U.S. have some type of debt. With auto loans and student loans both topping $1 trillion and credit card holders dealing with an average of more than $7,500 in debt, many are looking for ways to relieve some financial stress. There are two options, debt consolidation and debt restructuring, that can help. However, it is important to know the differences between these two options.
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