but, i’m in too deep!
On top of that $5,000 on my credit card, I’m about to start paying off my two college degrees. Not to mention that I owe people money and I want a new outfit for my best friend’s wedding. Sigh... I’m afraid I may have dug my hole too deep. If the gap between the money that is going toward my bills and the money coming in is too big, there’s help.
There seems to be a counselor for everything. A credit counselor will help you manage your debt. They will help you set up a debt-management plan (DMP). The DMP will help handle your debt and perhaps consolidate and reduce credit card payments. It can even help lower interest rate charges.Hopefully, you can get a hold of your debt before it gets out of hand. You may also realize you can wear that dress that you wore last year to your sister graduation to the wedding. Or you can work with the processor and RAM you already have. You don’t need anything new.
And maybe, there will be one less thing that compares me to my mother.
One great service is the Consumer Credit Counseling Service (1-800-388-CCCS). They can help you find options to deal with your debt. They’ll work with your income and your list of expenses to help you get out of that hole.
Also, ask the people at your credit union for a referral. You can also check listings at nfcc.org (National Foundation for Credit Counseling) or aiccca.org (Association of Independent Consumer Credit Counseling Agencies).
Make sure it’s a nonprofit and accredited by an organization such as the Council on Accreditation. The services should cover your income, expenses, debt, reasons for your financial issues, and your goals. This should all be explained to you clearly.