Most people today in this world are all struggling financially whether it is they need help with debt management or debt consolidation. Most People today are losing their jobs and struggling to pay for their bills losing their houses, can’t pay their home loans, credit card account bills or medical bills.

In today society I am one of them who are not financially able to pay my bills to make ends meet. I am so in debt that I have to use a debt consolidation to help me out with all my debt. I know a lot of consumers hate to have to go that route but you have to do what is best for you. They try and do it that way so you don’t have to file bankruptcy and really wreck your credit.

The benefits of debt management are look into able, especially when you’re looking for an alternative to bankruptcy or defaulting on payments. Here are just a few of the advantages:

•Make one payment each month on a due date you select

•Lower the interest rates and total cost of your debt

•Reduce payments by up to 50 – 60%

•Improve your credit score and credit report

•Get out of debt in 36-60 months, on average

•Stop creditors from harassing you for payments

•Stay out of bankruptcy

•Work with a nonprofits credit counseling service for guidance

These are what benefits I get from being in this situation. Once I am finished with this not only will my credit be better but also I am have a clean slate and start out fresh and hopefully never ever get back in this situation. It is no fun being in this. It is hard to believe that someone could get in this situation. It happens daily. I see it on television shows and I hear about how people have racked up their credit cards to thousands and thousands and then they have medical bills that have thousands and thousands to where they can’t pay on them. People don’t have cash so they figure they might as well rack up their charge card accounts and when it comes down to it they can’t make payments on them anymore and then they get turned into collections and get several threatening calls from collections agency so finally they decided either to file bankruptcy or call for debt management plan. I would say and recommend that would be the best way to go. It will also help your credit. So I would highly recommend that route.

I feel that once you get your accounts paid off you are starting a new beginning of your life and hopefully you will keep on tract with the new bills you acquire and don’t go through what you just got out of. With the society today consumers seem to go back and forth and seem to never learn from their mistakes. I myself have learned and I am much better off today with gone through what I did to make myself better and I will never go back through this again if I can help myself.