Money can be a difficult thing to work through, and if you’re looking at issues with debt, you know that it can be hard to work out all of the information. Are you going to be able to pay it off? And if not, are you at the point where you may want to go ahead and consider bankruptcy as an option so that you can get things cleared and start all over?
First, try to talk to a bankruptcy lawyer Pittsburgh. They are fairly common; just use Google to find one in your area. Financial counselors are iffy; you need to do a lot of research before using one of these, sometimes they have hidden fees and costs. So, make sure your research is complete and accurate.
Second, talk to the companies you are in debt with. Many corporations will work with you to reduce your debt or reduce your monthly payments to the best of their ability. Any payment is better than no payment at all.
Third, if you are able, try to consolidate your debt. If you haven’t done anything to hurt your credit yet, it will be easier for you to get a loan in order to do this easily. Many banks and credit unions offer loans especially for debt consolidation with low rates and low monthly payments.
Bankruptcy should only be filed if you truly have no other option. If you must go through with filing bankruptcy, make sure you have no other options. It’s not worth the 7-10 years of credit mess if you are just thinking it is an easy way out. There are lots of resources out there for people like you, you just have to utilize them. Talk with a lawyer and see what you can do.