6. Credit counseling

There’s no reason you should try and figure this out all on your own. Let’s face it, some people may be new to personal finance management, you may not have the financial literacy needed to tackle huge amounts of debt. Don’t let those things top you from getting your life back on track.

Luckily, there are credit counseling nonprofit organizations that may be willing to help. You’ll have to pay a fee, though if your situation is truly dire they may be able to waive it for you.

Credit counselors will help point you in the right direction by giving you the necessary material to learn all there is to learn about personal finances. Everything from debt management classes to educational materials will be available for you so that you can learn how to get out of monetary trouble on your own in the near future.

However, these agencies will also help enroll you in a debt management plan. As such, it’s very likely that they will also act as the intermediary between you and your creditors, meaning that they’ll negotiate in an effort to get your rates reduced, fees waived, and make payments on your behalf.

You can look up reputable agencies by checking out the Department of Justice’s website.