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LaToya's Credit / Debt Blog

By LaToya Irby, About.com Guide to Credit / Debt

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5 Ways to Reduce Your Debt

Tuesday July 1, 2008

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

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