http://www.freedebthelpinfo.com/debts/ Debts. Paying them all off can be quite a struggle, but it doesn't have to be. en-us Tue, 22 Nov 2005 12:16:32 EST Tue, 22 Nov 2005 12:16:32 EST Weblog Editor 2.0 Are your debts eating you alive? End the madness with help from a debt management plan. Be Resourceful in Paying Back Your Debts When it comes to paying off your debts, if you only pay the minimum amount that's required each month, it could take you 18 years or more to get it paid off in full. Not only that, but you'll pay a lot more in interest as well. Here's an example: A $10,000 debt at 18.5% interest typically takes 32 years and $24,500 to pay off if you don't pay more than the required monthly minimum. And the typical college student owes $2,800 in credit card debt (not including student loans). If he or she pays $50 a month and the interest rate is 18%, it will take more than ten years to pay it and he or she will have paid $6,154. In both of these situations, a debt management plan could reduce the time in debt down to five years or less. This is particularly true if you have a lot of credit card debts as they tend to have the highest interest rates. What kinds of debt management programs can do this? Well, there's debt consolidation, which uses negotiation to get your balances and interest rates reduced. Then the new, much lower balances are combined, and you make one monthly payment to the debt consolidation company at a greatly reduced interest rate instead of several monthly payments to your creditors. The result is your becoming debt free in about five years. You could also check into a debt consolidation loan. This is a loan that's given to you to pay off your unsecured debts. You then make one monthly payment to the lender and an interest rate that's about half of what you were paying on your unsecured debts. Again, because of the reduced interest rates, you could have the loan paid off in about five years. If you have access to a large sum of money (but not enough to pay your debt off in full) debt settlement might be for you. Under this plan, your creditors agree that your debt is settled if you agree to pay it off at 30-50 cents on the dollar. The catch is, they usually want their money immediately. You can find some debt settlement companies who will give you anywhere from 1-3 years to pay it off though. As you can see, there are a lot of options when it comes to resourceful debt payback. Explore them and you'll see just how easy it is to become debt free. Learn how to consolidate debts today. Do it now and do it right and you will be able to reduce debts until they are no longer. Tue, 22 Nov 2005 12:16:32 EST freedebthelpinfo.com/debts/credit-card-debts/ Credit card debts are generally the ones that are the hardest to get rid of. Learn about the many ways you can get rid of them more efficiently. en-us Wed, 25 Jan 2006 12:29:10 EST Wed, 25 Jan 2006 12:29:10 EST Weblog Editor 2.0 freedebthelpinfo.com/debts/consolidate-debts/ Consolidate debts with no regrets! en-us Sat, 11 Mar 2006 11:17:40 EST Sat, 11 Mar 2006 11:17:40 EST Weblog Editor 2.0 freedebthelpinfo.com/debts/reduce-debts/ Reduce debts and, if you want, root for the Mets! en-us Tue, 22 Nov 2005 16:38:13 EST Tue, 22 Nov 2005 16:38:13 EST Weblog Editor 2.0