Is there any other good ways to cut down debt?

by Ed Yourdon
Question by Rosie: Is there any other good ways to cut down debt?
My family and I have accumulated a great deal of debt over the last few years, over 50 K in credit cards, personal loan, etc., all with interest rate of 12% or higher. Other than the "snowball method" where you pay off the high interest card and once paid off put that payment into the next, is there any other effective ways to make the debt more managable, like consolidation loans?


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