http://www.tilldebtdouspart.com/debt/s/eliminate/ Eliminate debts through one of these debt management programs and you can be debt free in five years. With so many options, surely one of these programs will be the way for you to eliminate debts. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 How far will you go to eliminate debts? You don't have to go all the way (bankruptcy). Not when there are debt management programs available. How Far You Can Go These days, there are five different kinds of debt management programs, most of which can help you eliminate debts in five years or less. Some of these programs are similar, but they all have different requirements. For instance: A debt consolidation loan requires that you have some sort of collateral. If you do, you can qualify. Then you get a loan to pay off all your unsecured debts, and pay it back at a super-low interest rate. That way you can eliminate debts immediately, and the loan can be paid off in five years. To get a debt consolidation mortgage, you must be a homeowner. If you are, you get a check for the amount you need to pay off your unsecured debts, then that amount is rolled into your mortgage and you get that same low rate of interest. And since mortgage interest is tax-deductible, it's just another bonus. For student loan debt consolidation, you must owe at least $10,000 in student loans. If you do, all those loans get combined into one and you get a much lower interest rate. The payments are stretched out over a longer period of time, so your monthly payment is cut in half. To qualify for debt settlement, you need to have access to a lot of cash--enough to pay off at least 30-50% of your debt off in full. Finally, there's debt consolidation--a plan that doesn't have any requirements. It gets your balances and interest rates reduced , then it combines the new lower balances and you make one monthly payment to the debt consolidation company. Through this program, you can eliminate debts in five years. Before you decide to declare bankruptcy, know that one of these programs is a better way for you to eliminate debts. Sat, 26 Jul 2008 15:00:00 EDT