Debt can be a lifesaver in an emergency situation but many people are drowning in debt. Unfortunately some of us think that an available balance on a credit card is the same thing as cash in the bank. If there's enough credit to go on a cruise, buy those expensive shoes, or go out to an elegant restaurant,well why not, we all deserve it.

Breaking down a $6,999.99 set of new living room furniture into easy monthly payments of $249.00 makes it easier to swallow. And what about that new car you've had your eye on? Never mind the price tag of over $20,000, it's only $389.00 a month. And suddenly you're facing a credit crisis. Your paycheck will only stretch so far and those "easy" monthly payments are pushing you under water.

Don't try to ignore the problem. Recognize there is a problem and that a
debt management program may be your solution. Debt management is simply a way to take all those credit card balances, personal loans, monthly payments and refinance the total with a new loan and often lower monthly payment.

It's difficult to do this by yourself. Often your creditors won't take your efforts seriously and that's where a debt management company comes in. The company can negotiate with all your creditors develop a new loan and debt repayment schedule for you.

It's something to consider if you're drowning in debt.