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Do You Need Debt Help?
Michalis 'BIG Mike' Kotzakolios

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Do you need debt help? Have you thought seriously about declaring bankruptcy or trying to renegotiate the money you owe on your credit cards? Maybe things have not gone that far for you and you can step back and help yourself. If so, there are some things that can be done to prevent the debt situation that you find yourself in from getting worse. The first thing to do is to list the money you owe and who you owe it to. This should be done with the complete details of the debt which includes who the creditor is, their address and contact information, the size of the debt and what the monthly payments are expected to be. The next step is to prioritize the debts so that you know which ones are more urgent to pay off. This will be reflected in part by how much you owe, how old the debt is, and who you owe. If your debts are reflected in taxes of any kind this should be the first debt you pay off.

Do not look at your debts as a simple fix to get out of. Owing large amounts of money may mean that you need to investigate a debt consolidation firm that can help you to negotiate with the agencies, companies or corporations you must pay off. Remember that child support payments or tax payments that are overdue and not being paid off at all can result in you landing in jail. It is bad enough to be late with your payments on credit cards, student loans or things like that but if you are late on mortgage payments, utility bills, child support or taxes then you have a serious problem and need to get help to get yourself out of debt.

If you seek debt help by going to a consolidation agency make sure you look into their reputation before you sign up with them. These companies will represent your needs to the people you owe and you want to be certain that their reputation is a good one or the companies you owe will not take them seriously either. You need skilled people to be able to negotiate the best possible repayment plan to allow you to pay out your debts and get yourself back on your feet.

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