Many people face financial crises at some time in their lives.
Whether the crisis is caused by personal or family illness, or simple overspending, it can seem overwhelming, but often can be overcome. The fact of the matter is that your financial situation doesn't have to go from bad to worse. It depends on your level of debt, your level of discipline, and your prospects for the future. If your credit card debt has gotten out of control, you may be paying the minimums and still slipping farther into debt each month. At this point budgeting will not work and debt consolidation is probably your best option.