Getting Help

If you're deep in debt, getting out may take more than just getting lower interest rates on credit cards, sticking to a budget, paying more than the minimum balance each month, or closing lines of credit. You may need professional assistance but if you still feel apprehensive about asking for it:

1. Understand that you are not alone. There are many people in your situation who feel like they're drowning in debt, yet are too anxious to ask for help.
2. Realize that there are trained professionals available to help people in your situation.
3. Research credit counseling firms. Although you could look in the Yellow Pages, there is no guarantee that some of the credit counseling firms listed there are not fraudulent.
4. Pick up the phone and call a professional.

To find help, seek out those you trust. Your financial institution, local consumer protection agency, and friends and family also may be good sources of information and referrals. If you choose to go the route of hiring a credit counselor, the following advice could save you precious time and money.

Debt Management Programs Debt Reduction Settlements Filing for Bankruptcy