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www.reference.com/article/options-debt-relief-c36a4f90b311157f

The options for debt relief include transferring card balances to a new card, signing up for a debt management plan and applying for a consolidation loan, according to Bankrate. A debtor can also enter into a debt settlement contract with the creditor to relieve the debt.

www.reference.com/article/debt-143aa1324b60f461

According to financial magazine Forbes, the United States of America has the largest burden of debt in the world, which only continues to increase. As of September 2014, the fiscal deficit of the United States exceeded $1 trillion.

www.reference.com/article/national-debt-relief-31cec8af31e0e740

National Debt Relief is one of the nation's largest debt settlement companies. The organization offers a variety of debt relief services to consumers through settlement and negotiation, states the Better Business Bureau.

www.reference.com/article/public-debt-a7b5944b827fdcd9

The public debt is the total amount of money that is owed by the government. The value changes on a daily basis, and it builds up or reduces in time. It builds up as a result of running the economy.

www.reference.com/article/definition-federal-debt-9dcb1df53249ec9d

Federal debt is the money that the federal government owes to creditors, such as other governments and businesses. The government uses borrowed funds to supplement deficit budgets and finance expenditures. Federal debt has three main categories: floating debt, funded debt and unfunded debt.

www.reference.com/article/much-debt-united-states-d19fa891374a379c

As of December of 2014, the United States owes more than $18 trillion. This debt includes both debt held by the public and intragovernmental holdings.

www.reference.com/article/collect-debt-b7021502d5d2434d

To collect debt, the Fair Debt Collection Practices Act stipulates that people may contact others via phone and mail or sue in civil court for debts, according to the Federal Trade Commission. Debts incurred to run a business are not covered by the Fair Debt Collection Practices Act.

www.reference.com/article/reduce-debt-34fda397db0ea485

To reduce debt, consider all obligations, construct a budget and initiate payments accordingly. These steps help reduce debt and the associated interest expenses.

www.reference.com/article/debt-factoring-4e414975db29fa21

Debt factoring is a financial arrangement by which a business sells its invoices to a third party at a discount. Businesses use debt factoring to improve their cashflow.

www.reference.com/article/owns-u-s-national-debt-7dafef42b2234fcc

As of 2014, the American national debt stands at $17.6 trillion, with much of this figure owed to the Social Security Trust Fund. The U.S. Treasury manages the debt through the Bureau of Public Debt, which has split the debt between intragovernmental holdings and debt held by the public.