| It's a situation that no one wants to find themselves in, | | | | them. |
| but unfortunately some of us do. Your bills keep | | | | 2) Be wary of quick solutions- The fact is that debt is |
| coming but you don't have the money to pay them. | | | | a big problem, and it is not going to be solved quickly. If |
| When this happens, there are two ways to deal with it. | | | | someone advertises a solution that seems too good |
| All too often, people choose to bury their head in the | | | | to be true, it probably is. One example of this is debt |
| sand and pretend like it's not happening. This only | | | | consolidation loans. The keyword here is loan. It will get |
| makes the problem get increasingly worse over time. | | | | rid of your problem for awhile, but in the long run it is |
| The other way to deal with it is to face it head on, but | | | | just going to be yet another loan you need to pay off. |
| this is easier said than done. | | | | Use this solution with caution. Another thing to watch |
| Here are some suggestions for dealing with it correctly. | | | | out for is debt doctors. These are companies or |
| 1) Make a list- The first thing you need to do is make a | | | | individuals who claim to have the ability to erase your |
| list of all of the bills you must pay. For example, your list | | | | credit record for a fee. This isn't actually possible, |
| may include a mortgage, car payment, college loans, | | | | however, and they are just scamming you for your |
| insurance and credit cards. For each of these | | | | money. |
| payments, find someone to contact. The fact that you | | | | 3) Keep the rest of your life in check- If your finances |
| took initiative will usually result in a positive reaction | | | | are falling apart, don't let the rest of your life fall apart |
| from lenders. Be sure to get their name so that you | | | | with it. Depression will cause inaction and inaction will |
| can contact the same person each time. Also, if an | | | | cause more debt. Try to keep your life as under |
| agreement is reached, make sure you get it in writing. | | | | control as possible. Simple ways to do this are to |
| If you are unable to reach the same person later, you | | | | make sure you get enough sleep at night, and eat a |
| will need proof that you had an arrangement with | | | | healthy amount of nutritious food each day. |