Need help consolidating my debt

Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify necessary expenses, and prioritize the rest.The goal is to make sure you can make ends meet on the basics: housing, food, health care, insurance, and education.Federal law dictates how and when a debt collector may contact you: not before 8 a.m., after 9 p.m., or while you’re at work if the collector knows that your employer doesn’t approve of the calls.Collectors may not harass you, lie, or use unfair practices when they try to collect a debt. Are you worried about losing your home or your car? Many people face a financial crisis at some point in their lives. Are your accounts being turned over to debt collectors?The first step toward taking control of your financial situation is to do a realistic assessment of how much money you take in and how much money you spend. Then, list your "fixed" expenses — those that are the same each month — like mortgage payments or rent, car payments, and insurance premiums.

need help consolidating my debt-76need help consolidating my debt-46

Most automobile financing agreements allow a creditor to repossess your car any time you’re in default. If your car is repossessed, you may have to pay the balance due on the loan, as well as towing and storage costs, to get it back.If you fall behind on your mortgage, contact your lender immediately to avoid foreclosure.Most lenders are willing to work with you if they believe you're acting in good faith and the situation is temporary.Reputable credit counseling organizations can advise you on managing your money and debts, help you develop a budget, and offer free educational materials and workshops.Their counselors are certified and trained in consumer credit, money and debt management, and budgeting.

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