Dear Erika,

Dear Erika,

I am completely stressed out. My financial situation is out of control. I lay awake at night thinking about my debt and have no idea how I'm going to pay off. Creditors call my home constantly and  even contacted me and work. What should I do?

Signed,

Hair Falling Out

 

Dear Hair Falling Out,

I get it. I have been right where you are. It can be overwhelming when bills are coming in and you have no idea how you are going to pay them. If you are like most people, you probably started off trying to negotiate with your creditors. Then you found out that they had little to no sympathy for you and were unwilling to help you in any way. It's incredibly frustrating when you are trying your best to get those bills paid, trying to just stay on top of everything but still falling behind. When you reach out for some help, instead of getting help you get your hand smacked.

First, I want you to stop and take a couple of deep breaths. When you ask for help and get none, it can discourage you from reaching out and trying other avenues. The situation tends to get worse and you get more and more reluctant to confront the situation. Contact a bankruptcy attorney. I understand that the word bankruptcy is scary, but bankruptcy isn't the only option that you can speak to the attorney about. I talk to clients about credit counseling, budgeting, consolidation loans in other debt management advice. Yes, I also talk about bankruptcy. I want to explore every avenue that is available to you to help you out of the situation, but you are the only one who can make a decision about what is best for you and your family. I'm here to give you the tools. So, don't wait, grab hold of the situation and turning around.