http://www.aboutcreditcarddebt.com/debt-elimination/total-debt-elimination.html Total debt elimination is entirely possible. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Looking for total debt elimination? How about total debt ANNIHILATION? Then look no further--we'll tell you how to get it. The Debt Eliminator The debt eliminator has many weapons at his disposal to help you achieve total debt elimination. Do you think you have the heart for it? Do you have the nerve to stick it out? You only have to choose one of these weapons--they will all get you the total debt elimination you're looking for. Okay, we're calling them weapons, but they're really debt elimination programs, and most of them can get you the total debt elimination you desire in five years. Here's a brief overview of each one: Debt settlement: This gets your debt settled at 60-80% off what you actually charged. But you have to have the cash to pay off the new balances immediately. Then you're out of debt in about a week or less! But it could have a negative effect on your credit. Not as bad as non-payment or bankruptcy, but not good either. Debt consolidation loan: If you have collateral (like a car that's paid off, for example) then this might be your weapon of choice to achieve total debt elimination. And that's just what you'll do. If you get the loan, you get a check to pay off your unsecured debts. Then you have the loan to pay off, but the interest rate is so low that you can get it paid off in five years. Debt consolidation mortgage: This could quite possibly be the best debt elimination program there is. The amount you borrow from the mortgage lender is rolled into your mortgage, so you get that same low rate and pay money back over the life of your mortgage. It just shows up as a re-fi on your credit report, and since mortgage interest is tax deductible, you save even more! Debt consolidation: A basic debt consolidation program is a way for people without a lot of cash, collateral or a house to achieve total debt elimination. Through this debt elimination program, a debt consolidation company negotiates with your creditors to get your balances and interest rates reduced, then bundles all the new balances together into one. You then make one monthly payment to the debt consolidation company instead of a bunch of monthly payments to your creditors, and you are debt free in five years. How's that for total debt elimination? Student loan debt consolidation: This is for people with at least $10,000 in student loan debt. It simply combines all of your outstanding student loans into one new loan with a much lower rate and stretches the payments out over a longer period of time so that your monthly payment is cut in half. Sure, it takes longer to pay them off this way, but it makes your day-to-day living much easier because you have more money to live on each month. Are those enough ways for you to achieve total debt elimination? Sat, 26 Jul 2008 15:00:00 EDT