When you are in debt over your head you can dream of winning the lotto or actually make a plan to help deal with your problem. Since help in the form of winning the lottery are slim, it’s much smarter to take a close look at more realistic debt help and reduction options. First of all, it is important to pinpoint where your financial problem is coming from. Is it a case of not bringing in enough income each month to cover your expenses, or are you just mismanaging money and need help to find a way to budget? It is necessary to figure this out in order to put a plan into action that meets your specific needs. That is the first step to consolidating your debts and getting the debt help you need.

If your money problems come from not making enough income to pay your bills each month, then you should first examine your monthly expenditures to see if you can help find ways to reduce them. If that’s not possible you might be able to benefit from the help of a professional credit counselor who will probably be able to negotiate with your creditors on your behalf to cut payments down and decrease your interest rates. Or you may be able to pay them a certain sum each month, and they will in turn pay your creditors for you. If you really want to consolidate your debt this method makes it much easier to pay back as you only have one payment to worry about, instead of a bunch of different ones.

Not to mention that by consolidating, you are cutting back on any and all of your late payment fees and over-the-limit fees that can add up to a huge amount very quickly. You are also saving yourself the hassle of dealing with the many fees that are charged by the bank for insufficient funds every time you bounce a check. Getting debt help is the first step in the right direction when it comes to getting your finances together. If you ever want to buy your own home or get that new car, your credit is going to be necessary.

Don’t miss out on all of the best things in life due to a mountain of bad credit. Take the steps today to identify your problems and then develop a solution that’s right for you. Your credit and your future may depend on it.

Contact one of our Christian counselors using the form on the right for some free debt help and advice. They will help you to lower your debt payments today.