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Consoldating loans

The best way to consolidate a large amount of credit card debt (anything over $3,000) without taking on a new loan, is to enroll in a Debt Management Plan.

You could get a home equity line of credit, a home equity loan or a second mortgage on your home, or refinance your existing mortgage.

Other options include borrowing against a whole life insurance policy and borrowing against you retirement savings.

The best way to consolidate credit card debt under $3,000 could be to get a zero-percent interest credit card and transfer balances from high-interest credit cards over to it.