This quick guide offers you four solid steps to take (mentally and physically) to ease you out of your money problem now.
Soothe yourself first
The first advice is to stop worrying about a money problem. There are much worst problems than money and some of these are fatal. Even if you consider your money worries to be big, it is solvable. You need to fine-tune the way you feel first and the way to do this, is by focusing your thoughts in your favour.
Do this step-by-step
How much do you owe? Since money matters belong to the logical (or materialistic) realm, give it the logical treatment. Find out the principle (or actual) amount that you owe and followed by the interest and other charges. Do this for each creditor. Write to the creditors Start with the biggest creditor (or the one whom you owe the most). Write a letter to appeal for a reduction or waiver of the interests and other charges accumulated. Support your letter with documents as evidence. Propose a figure for the settlement of the account, if you can. If not, propose a monthly repayment figure that you know you can handle. Do this for every creditor.
Ask for help
Why get help? If you can't handle this by yourself, then you should get help. Don't just sit there doing nothing and continue to procrastinate. Whether your financial situation remains or turns for the better or worst, you will likely eventually have to settle these outstanding accounts anyway. Getting help online Search for consolidation and credit debt help online. Look at some debt consolidation plans and management. Yes, you are shopping for financial services. Just like in most cases, if you don't want to buy, go DIY. With so many options online, see if you can find free help services. Be careful not to fall for false economy though.
Imagine how you are when this is over
This experience can make you a better person. Instead of turning away from it, use it to your advantage. Many people have. Many people had it worst and many people will have this problem in the future. It can be an advantage to you from a broader view but you will only see it once you are out (or on the way).