Debt Consolidation Solutions Ways to consolidate your debts yourself
There are many options for a debtor to consolidate his debts in this day and age. The most common ones you have heard or seen so far are probably those commercials on late night television from debt consolidation companies that promise to help you fight and win over your debts.
There are also many government aid programs that seek to help debtors get out of debts. But these services usually require that you fulfill certain requirements and a minimum amount of debts before you are applicable to join their programs.
You can choose to consolidate your debts yourself if you know the options available for you.
Home Owners
The best option for home owners would be to take up a home equity loan to borrow against the value of your home. This can usually be done without any other mortgages. A home equity loan is usually a fixed amount of money repayable within a fixed period of time. These loans often offer the lowest interest rates and payment method.
Note that home equity loan interest can be variable and you also run the risk of losing your home if you fail to pay...