I am not sure where to begin as far as trying to r

I am not sure where to begin as far as trying to repay my debts. I do not have a lot of money to work with but I am at a point where I would like to "get the monkey off my back" for lack of a better phrase. I do not know if I should repay each loan one at a time or try to make payments to each creditor each month. Please help! Thanks

3 Answers

Since you are in a financial hardship, so it’s better to settle your debts on your own. It will save your money. Look at this page to know how to do it yourself:
http://www.debtconsolidationcare.com/steps.html
 


What kind of debts do you have? Secured or unsecured? If they are unsecured debts, then you can follow the debt snowball method where you make the minimum monthly payments on all the debts. You target the smallest debt and make extra payments on it. You continue this process till the debt is paid off. After that, you apply the same strategy to the second smallest debt. 


You can go for the option of debt settlement in order to get rid of your debts. If all your creditors agree to it, then you can make one lumpsum payment in order to get out of this mess. If you cannot negotiate with your creditors, then you can take help of the debt relief companies in order to settle your debts.


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