http://www.how-to-consolidate-debt.com/debt-free/become-debt-free/ Become debt free! These days, it's easier than you think to become debt free. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Looking for ways to become debt free? You're at the right site. It's a how-to site about becoming debt free! How to Become Debt Free If you're in debt, there are plenty of ways to become debt free. In fact, there are at least five different kinds of debt free plans out there, and depending on the kind of debt you have and what your resources are, one is sure to be right for you: Debt consolidation loans - These are loans given to consumers to pay off their unsecured debts. The interest rate is so low that you can have the loan paid back in five years, so essentially debt consolidation loans enable you to become debt free in five years! Debt consolidation mortgages - This is essentially borrowing from your mortgage company to pay off your unsecured debts. The amount borrowed is added to your mortgage, which will cause your mortgage payment to go up just a little bit, but it's worth it when you get all those debts paid off. And you pay it back at the same low rate as your mortgage! Debt settlement - This gets 60-80% shaved off what you owe. But you have to pay that new, lower amount back immediately. Student loan debt consolidation - This is for people with $10,000 or more in student loan debt. It combines all of your outstanding student loans and gives them a low interest rate. Hurry though--if your outstanding student loans are federal loans, the interest rate is going up 2% starting in July. Debt consolidation - This is a "catch-all" debt management plan. It's for anyone who doesn't fit into the above categories. What happens is a debt consolidation company contacts your creditors to get your interest rates reduced, then they combine them and you make one monthly payment to the debt consolidation company instead of several monthly payments to your creditors. Because of the interest rate reductions, you can become debt free in five years! As you can see, there are plenty of debt free programs to help you go debt free. No excuses not to now. Sat, 26 Jul 2008 15:00:00 EDT