It is a tough place to find yourself in. More debt payments then income. Struggling to make your payment scedule is a full, time consuming, emotional rollercoaster that never stops. Wheatther you have reached the point of creditors constantly on the phone, or just beginning to fall behind in payments. If you know already that the situation is not going to get any better. Now is the time to consider alternatives. The road that lead you here is not important, what is important, is what can be done about it.

Debt relief comes in several different ways. If things are not to bad, and you have some equity in your home, you could go for a consolidation loan. But if all avenues of credit are exhausted, then you need a credit councillor. Credit councillors, can offer more then just councilling on how you're spending your income. They can offer credit solutions, to consolidate all your credit card debt. Stop your creditors from coming after you on the phone and asking for payments.

Avoiding bankruptcy is possible. A credit councillor may set you up with a proposal to creditors. This lumps all of your credit card debt into one monthly payment. Less then the total of what you were paying to all of creditors combined. Lessens the time of being unable, to obtain credit. Also keeps your credit rating from being completely destroyed. A proposal to creditors, may effect your credit rating for 5 years, but bankruptcy will last up to 9 years.

The thing to do, and where to start, is to talk to someone. Don't be afraid to share your problem with a credit councillor, you may be pleasantly surprised, of just how much they are on your side. Once you give them control of the problem, all the anxiety you had over your credit problem, just goes away. They handle all of the debt settlement for you, and any communication with your creditors.

Take a load off, find out what your options to bankruptcy are. Because bankruptcy, should be your last option.

http://creditsolutionstoavoidbankruptcy.blogspot.com/

Written and submitted by J. A. Rawles. Bankruptcy can be alot messier then you think. You could loose more then you thought you would. Keep yourself as safe and secure as you can.