When you are swimming in debt, there is a chance that you will need to find relief because you can’t make the minimum payments on multiple accounts. There are a few options that might be viable in these cases.

One of the first things that you need to do is contact the creditor to let them know about the issue. Ask them if they have any programs that might help you reduce the minimum payment but remember that this might work against you because of the interest.

We know that this is a frightening situation for you to be involved in, but you have to try to push through the fear of trying to find viable ways to handle the situation. If the creditors won’t work with you, it might be possible to get a loan that enables you to pay off the debts and only have to make a single payment each month. This might make it to where you can get everything taken care of in a reasonable time without having to stress too much about your finances.

Another option that we can discuss with you is bankruptcy. This might not be your first choice, but if all else fails or if you just can’t make the payments required to get out of debt, it might be the best option. One positive aspect about filing for bankruptcy is that you can have an automatic stay, which prevents creditors from contacting you to collect money. We can get the process started for you quickly so you can have relief as soon as possible.