Information is great. But taking small steps now can lead to big changes.
Today
Make an appointment with a consumer credit counseling service in your community. These nonprofit counselors will help you make a plan to reduce your debt.
Next Week
Make a plan to reduce or eliminate your debt. If you cannot afford all of your debt payments, develop a budget to determine how much of your debt you can afford to repay each month.
Make arrangements with some or all of your creditors to pay in installments.
Try to avoid taking on new debt. If you do take on new debt, make sure you can pay your debts regularly.
During the Next Few Months
If you cannot afford to repay your debt or cannot come to an agreement with your creditors, talk with a financial counselor to see if bankruptcy may be an option for you.