CNN broadcast the story below on how one couple managed to dig themselves out of debt in about three years.
It is a good news story for those people that can afford the minimum payment on their debt plus pile on extra funds. In this case the couple used a credit counseling service to help them achieve their goal by lowering interest rates and giving them one consolidated payment. If you’d like information on credit counseling solutions that might benefit you if you are in the same situation, click here.
The reality is that many people just don’t have these types of extra funds available to do this no matter how deep they dig.