Millions of Americans are trapped in debt, often in very different ways. It could be student loan debt, credit card debt, an untenable mortgage or a massive auto loan.
Whatever form your debt takes, its necessary for your financial wellbeing to pay it down or, ideally, wipe it out altogether.
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There are several ways to tackle debt, with one of the more aggressive methods being debt consolidation. This is the process of paying off numerous debts with a new loan or balance transfer credit card that is secured at a lower interest rate.
Though debt consolidation …
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