5 Ways to Reduce Your Debt

Paying off a high debt is no easy task, especially when you're money is already stretched to the limit. If it was possible to cut your debt payments by, say 75%, would that make payments more manageable?

No, I'm not pitching you on a debt settlement service. There are other, more favorable ways of cutting your debt payments, like calling your creditors and asking for a lower interest rate or a reduction on the amount you owe.

That's just one of the ways you can reduce your debt, for 4 more ways read 5 Ways to Reduce Your Debt.

More on getting out of debt

• Do You Have Too Much Debt?
• 10 Signs You're Headed for Credit Card Debt
• Making a Get out of Debt Plan