You probably do not remember how easy it was to get your first credit card or loan. You also do not remember your lenders putting out the red carpet because they thought you would repay your loan on time, and come back for a new one before long. This affair with your lenders continued as they gave you credit, loans, and a bonus gift to thank you for your business. However, one or more things may have happened to spoil your affair with your lenders. Perhaps, you now have too much debt, or you cannot make the monthly payments anymore because you do not have a steady job. If you find that you cannot manage your debts, or the payments leave you without proper food, for example, you may want to consider one or more of these three debt solutions.
Credit Counseling
This is a good first step. You can work with a credit counseling company to help you get your finances in order. Once your financial house is in order your counselor can contact your creditors with a plan to repay your debt. Of course, this is not automatic because you still have to get your creditors’ approval. But your counselor will negotiate with your creditors to get you a good deal that has value...