These companies will offer you various debt consolidation services that could help you to get rid of the mounting debt as fast as possible. Their primary motive is to help you manage your debt and finances. There are various places where you can get information about the best debt consolidation companies. However, one of the best sources is Internet. The best way to find the best out of so many companies is to check out their websites. Always remember that the debt consolidation company that meets all your financial needs associated with your debt is the one that is the best for you. Always remember that your purpose for going for a debt consolidation loan is just to get out of debts as fast as possible. However, you must be very careful while choosing the one. This way you can easily avoid any chances of fraud. You sound like the posterchild for the Overindulgent American. The only reason that would be satifactory is if you had medical bills. Try to pay that off as soon as possible. Profit debt consolidation groups out there that will do this, but it completely kills your ability to obtain any new credit until the consolidation is totally paid off. Ive been credit card free for almost 8 years now and it feels great to never see a bill in my mailbox. If youre in school you probably can have your student loans deferred. You should contribute rent, especially if your dad is also financially strapped. Going back to school might not be a good idea right now if thats going to add on more debt. Find out exactly what you owe, have a game plan on when youll be able to pay things off and work out a budget.

Cut back on whatever you can, which means no shopping, eating out, cable, etc. The first thing to do is call each lender, make them aware of your situation, but do not ignore them.

Youll be surprised how much they will be willing to work with you. See if you can lower the interest rate or negotiate some kind of payment arrangements. It will take some time, but you will eventually be out of your situation.