If you're not disciplined enough to create a workable budget and stick to it, can't work out a repayment plan with your creditors, or can't keep track of mounting bills, consider contacting a credit counselling organization. Many credit counselling organizations are nonprofit and work with you to solve your financial problems. But be aware that, just because an organization says it's "nonprofit", there's no guarantee that its services are free, affordable, or even legitimate.

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For consumers not in serious debt but perhaps looking for answers to their questions, or simply wanting to better manage their finances, in most cases it will require self-study. For most consumers in serious debt, however, there are few alternatives. But the good news is, there are options available that can amicably resolve most debts without filing bankruptcy.

Most consumer credit counselling services are non profit organizations established to provide financial assistance to consumers at little cost. They work directly with creditors and will work out a manageable program to get you out of debt.

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Consolidated Credit counselling Services, Inc.

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Money Zine

Center 4 Debt Management

Credit Card Debt Infos Relief

"When lenders evaluate your loan application, they consider available credit as an opportunity for debt. They may figure your debt-to-income ratio as if your credit cards were totally maxed out to gauge you at your riskiest debt level possible.

The more credit cards you have, the more temptation you have to charge purchases. As your credit card balances increase, your credit utilization goes up. So, one way to keep your credit utilization down is to keep your number of credit cards and balances down." LaToya Irby