I have resolved my outstanding debt issues and now am back on track financially. So what might such consumers do about this rock and a hard place? A lot of consumers think about when searching for an option for consumer debt relief is to obtain a loan against the equity in their home and consolidate the credit card bills into one month to month installment with a lower APR (Annual Percentage Rate). This is known as a secured debt consolidation loan and can be a little risky. If the debtor turns around and defaults on the loan they are now risking getting their home foreclosed on.

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