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How to Get Out of Debt

Every family’s financial circumstances are different, but debt is something that many Americans have in common. The problem is not necessarily having debt, but not being able to pay it off. Worse yet, some people find themselves getting deeper into debt. While the 2005 Cambridge Consumer Credit Index shows that 25 percent of Americans consider paying off debt a top priority, a 2004 survey conducted by LendingTree found that more than half of those concerned about owing high debts had no definite financial plan for eliminating those debts.