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Financial experts say there are simple steps you can follow to bring your debt down. Rebecca Gershowitz, a Financial Specialist with Clear Point Credit Counseling Solutions says her top consumer issues are credit card debt and mortgage payments.

She says the first step to lowering your debt is creating a budget. The next step is selecting which debt to ditch first. Next would be to pay extra when you can.

She also points out debt that directly impacts your immediate needs, should be paid first. If you owe a friend/family member some money, pay them back. Last but not least call your creditors and ask for a lower interest rate, this could lower your payments.

via NBC12