7 Tips for Avoiding Debt Consolidation Loans

Many Americans continue to struggle with repaying debt and look to debt consolidation loans as the only option. Yet there are many other ways to reduce debt while maintaining credit and the little extras in life.

As the numbers for consumer spending continue to tick upward, many Americans are noticing their debt growing, too. American Financial Solutions offers 7 tips to help eliminate debt and keep finances from getting out of control.

1. Create a spending plan. Cover all of your normal monthly bills and expenses as well as building in a cushion for the little extras you enjoy throughout the pay period or month. Then set aside an amount for two additional items: extra debt repayment and savings….. read more ยป