Are you in the hole (financially) so deep that you are having a difficult time paying cash for just the bare necessities? Arguing over money and taking your precious belongings to the pawn shop are not the answers.
Debt management is.
Save your sanity and start living life again by checking into it for your family.
What is debt management? Allowing your bills to pile up, ignoring them, and the ensuing phone calls is not what it is about, although that is usually when people turn to it.
Turning to a professional for financial counseling is the right move to make before it gets too late.
Managing your finances properly is about pulling together your bills and other financial obligations, having a counselor contact your debtors for you, and making arrangements with them for repayment at a lowered payment, lower interest, and lower overall debt.
Although bankruptcy seems like a viable option, there is a better way.
With proper financial management you are able to consolidate and reduce what you owe, paying it off much quicker than if you were to file for chapter 13 bankruptcy.
Your credit rating is not affected as badly and you are able to recover from it more quickly so your credit score will not remain low for as long as if you filed bankruptcy.
Who is eligible for this kind of help? Anyone with a significant amount of debt typically qualifies.
Some accounts may be negotiated for nearly half as much as their original amount and arrangements made to be paid within three to five years instead of ten to thirty years.