Sadly, many people have a great financial burden they're trying to deal with. The economy has been down and sluggish for quite awhile and people can't find a way out. Credit counseling is just a mouse click away. Your debts do not magically disappear: you are still responsible for them but with a plan that makes your financial situation manageable.
Debt consolidation is the most effective way to begin your financial recovery. Setting a realistic budget and destroying all credit cards is the first step. Debt consolidation does not consist of getting a loan to pay off the debt as that is just incurring another financial problem. Acquiring other credit cards in the future (which is a very unwise thing to do) should be researched as to rates, penalties, benefits etc. so that you're not back in another $$$ mess.
When you plan to get help with debt consolidation, do research on the company that you want to guide you through the process and get answers to questions before you begin. How long have they been around? What do other users think of them? What is their track record for success? You want a company that has a track record when dealing with credit companies to get the interest reduced and can get you a major reduction in monthly payments.
