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Too much debt can be a major cause of stress and anxiety. If you're struggling to make the minimum payments on all your bills, a debt restructuring cash advance may be a good choice but there are some things to take into consideration first.

A debt restructuring cash advance is basically a cash advance for the total amount of all your outstanding debt - car cash advances, credit cards, department store credit, etc. This cash is used to repay all the high-interest debts and then you only have to make a single payment, usually at a much lower rate of interest.

Before you decide to pursue a restructuring cash advance, there are some alternatives that can help with your debt.

1. Ask For A Lower Interest Rate

Credit cards tend to have the highest interest rates of most debt, but quite often it is as simple as calling and asking them for a lower rate. There are plenty of competing credit card companies just itching for your business and if you call the one you already deal with and ask them to match someone else's rate, 9 times out of 10 they will do so.

2. Learn How To Manage Debt More Effectively

Rather than getting a cash advance to consolidate your debt, you might simply need to learn how to effectively manage the debt. There is plenty of information available for free on the internet, and most cities have non-profit organizations that will help you with debt management.

3. Bank cash advances

If the bulk of your debt is on high-interest credit cards, you may be able to consolidate those with a cash advance from your bank. Rather than putting all your debt into a single cash advance, you might be able to simply consolidate your credit cards into a single, lower interest cash advance from your bank.

Debt restructuring can save you considerable cash on interest, not to mention ease the stress of having to find the cash to make all those payments every month. If you're dealing with large debts, this may be the answer you're looking for.