A new debt is what is causing us to look for some way out. We would like to restructure an existing debt and combine it with the new debt. If possible we would like to reduce the payment on the existing debt and add that amount to a new debt payment. Instead of $600/mo. on the existing debt we would have a $400/mo payment on each of two debts. We rent our home, Our cars are paid for, we only have normal living expenses except for the $600 debt payment.