If your debt is very high and getting out-of-control you may want to consider some form of debt consolidation. The options here broadly fall into two categories and each must be considered very carefully as they can have serious consequences. Home equity loans Firstly, home equity loans which can help by replacing two or more high-interest debts with one lower interest loan secured on your property. This can be a great way to re-schedule your debt and package it all into one payment. In this way you can eliminate high-interest debts and pay just one payment at a low interest instead. To learn more about this option and our many home equity loan partners visit Home Equity Loans. Debt consolidation services Secondly, if your debt is unmanagebly large you should consider a debt consolidation service or consultant, or a debt counsellor who can contact your creditors and negotiate on your behalf to reduce drastically your interest and monthly payments. This option may suit those who own their homes and have high credit card debt or other unsecured debt but don't want to take out a home equity loan. Check out our many Debt Consolidation Services and choose the one that you think will best fit your needs.