Help Yourself out of Debt

Developing a Budget: Take control of your financial situation.
Do a realistic assessment of how much money you take in and how much money you spend.
Start by listing your income from all sources.
Then, list your “fixed” expenses — those that are the same each month.
Next, list the expenses that are not fixed.
Prioritize your non fixed expenses according to necessity.


Contacting Your Creditors: Contact your creditors immediately if you’re having trouble making ends meet.
Be honest and tell them why you are having trouble.Try to work out a modified payment plan.

Dealing with Debt Collectors: The Fair Debt Collection Practices Act is the federal law that dictates how and when a debt collector may contact you. A debt collector may not call you 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. And they must honor a written request from you to stop further contact.