Smart Ways to Pay Off Debt

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Know the risks of debt consolidation. Learn the difference between secured and unsecured loans and consider alternatives to debt consolidation loans.

Are you in the safe or danger zone for debt? Less than 20 percent of your income should go to credit cards, student loans, mortgage and car loans.

Weigh the costs and benefits before filing bankruptcy. Consider potential foreclosure, garnished wages, lawsuits and the cost of filing.

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