Actions to take when you are in deep debt

Resolve to deal with your indebtedness using means at your disposal. Get in touch with your creditors and explain your situation. Remember creditors would rather receive small payments from you than none at all, so negotiate lower payments. Do not be threatened or bullied into making promises you cannot accomplish. You have rights. Avoid dealing with your financial issues privately or by denial; make your family members aware of your situation. Cut down on unnecessary expenses and amenities.

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