Should I declare Bankruptcy?

There is no easy way to get out of debt, you have to be persistent with the monthly payments. Filing for bankruptcy should always be your last option.

Below are a few ways to handle debts that are out of control.

As long as your credit is in fair shape here are a few things you can do right away to start getting out of debt:

• Pay cash all the time
  
• Sell the second car
  
• Get a loan from a relative or friend to consolidate
  
• Selling your home and paying off your debts with the proceeds and then renting
  
• Cashing out your savings to pay off some debt