There are steps you can take to ease your financial burden. You may be able to solve your debt problem by managing your finances more carefully. If you are heavily in debt and are still not able to make the monthly payments on all your obligations, then you should seek additional help. Many creditors will be more than willing to help you rearrange your debt payments, because it is in their best interest for you to get back on your feet financially. Be sure to talk with your local banker.
Bankers realize that even people with good credit histories can sometimes run into credit problems.
Your banker may be able to offer you a number of alternatives to help you over a difficult period. Seek Professional Counseling You may also want to contact a financial counseling service for assistance. Some universities, local county extension agents, military bases, credit unions and housing authorities have such programs and charge little, if anything, for their help. If you live in the United States, a visit with a counselor at the nonprofit Consumer Credit Counseling Service can be beneficial. Trained counselors will try to arrange a repayment plan that is acceptable to you and your creditors, and will help you to formulate a realistic budget.