What are my options for debt assistance?

Answer by  TChapman (110)

You can apply for a debt consolidation loan, speak with a debt counselor and create a plan address your debt problems. Each of these options will have rules and restrictions depending on your current debt, income and ability to repay on time.

Answer by  HawaiianGirl (6906)

You can always file for bankruptcy, but that should be done only as a last resort. Other than that i would recommend canceling all credit cards and contacting creditors to see if they will allow you to make a payment plan to pay off your debt.

Answer by  Kp999 (5)

I was told there were three kinds of options: debt settlement, bankruptcy and debt consolidation.I do think debt consolidation and debt settlement are much better alternatives then bankruptcy .

Answer by  souslesoleil (5)

You can call a debt consolidation agency, which can be found in your phone book or through an internet search. They can negotiate with your creditors to lower your rate and advise you regarding filing for bankruptcy.