Managing Debt
If you feel overwhelmed by your bills, the following ideas may help:
- Contact the companies you owe money to, such as credit card companies and your mortgage lender, and try to negotiate smaller payments or more time to pay. Most lenders will be willing to work with you to create a manageable repayment plan, especially if you call before you miss payments.
- Pay credit card debts with the highest interest rates first, if possible. If you cannot pay the entire amount, at least pay more than the minimum required every month to cut down on interest charges.