If you have bad credit, the first thing you will want to do is talk to a credit counselor.
Many counselors understand that unforeseen problems like unemployment, medical issues, or other problems often take people by surprise.
Lenders are often willing to work with you to setup a payment schedule that can allow you to begin making payments.
If you find that you have a large amount of debt, there are a number of things you can do to get it under control.
The first thing you will want to do is start getting rid of bills you don't need.
While this may be tough, there are sacrifices you will have to make.
If you have a second car, you may have to sell it.
If you have certain valuables such as jewelry or electronics, you may want to sell them as well.
If you have a large phone bill, you will want to look for ways to get it reduced.
You may even have to take funds from your 401K.
Read the full article by Joseph Kenny on DailyIndia.com
http://www.dailyindia.com/show/24358.php
Posted by J K 
on 5/19/06 5:07 AM
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