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So basically, your debt would go from ,000 to ,000–60,000.

If that’s not bad enough, fraudulent debt settlement companies often tell customers to stop making payments on their debts and instead pay the company.

Even if you qualify for a loan with low interest, there’s no guarantee the rate will stay low.To do that, you have to change the way you view debt!Dave says, "Personal finance is 80% behavior and only 20% head knowledge." Even though your choices landed you in a pile of debt, you have the power to work your way out! The solution isn’t a quick fix, and it won’t come in the form of a better interest rate, another loan or debt settlement. For further information, including about cookie settings, please read our Cookie Policy .By continuing to use this site, you consent to the use of cookies.

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