Next, go to the lender who knows your circumstances best, usually your financial institution. Discuss ways of consolidating your debt. One or both of these will help you to organize your finances and ultimately to pay off all your debts. It is important to inform your creditors of what you are doing, and give them a portion of what you owe on the current month's payment, as a demonstration of good faith. Follow the advice of your credit counselor or lender on making repayment arrangements with your various creditors.
Credit is a wonderful convenience.
Used properly and managed wisely, it can be an important part of your financial fitness plan.