The Money blog at Consumer Reports recently shared info about what to do when you get too deep into debt.
“Credit counselors help people develop a strategy for paying back their debt,” the post says. “Debt-settlement firms, on the other hand, negotiate with creditors to settle the debt for a portion of the amount owed.”
If you cannot work it out yourself, they recommend you work with a reputable nonprofit credit-counseling company. Read all their tips.