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Ask your bank to waive overdraft fees.
Depending on how long have you been with a certain bank and how good of a client you've been, you could ask your bank to waive overdraft fees.
There is usually a free phone number you can try or you can go to your bank personally. If at first you don't succeed, don't give up. Ask to speak to a manager and explain your situation. Again, if you've been a good client so far, there is a high possibility that your bank will waive overdraft fees.
If tackling your debt all on your own proves too difficult for you, you might want to try talking to a professional. A credit counselor can help you with managing your debt, setting up your budget, and providing you with various options.
To find a respectable counseling agency, go to justice.gov.
Instead of paying your mortgage once a month, you could try paying half of it every two weeks. That way, not only will you save on interests over the time, but you will also be able to net 13 full payments per year instead of 12, which will further save you on interests and decrease the time you need to pay off your mortgage.
Talk to your bank and see if such an arrangement can be done.
Always take care of your credit score. No matter how bad your financial situation is, if possible, try not to do anything that will destroy your credit score. You will need it for managing your debt and for any loans and credits you might take in the future. For maintaining your credit score, check credit score solutions.
Debt consolidation means taking one big loan, with an interest rate as low as possible, to repay all your other loans. That way you could save lots of money due to lower interest rate and go from having to deal with several creditors, to dealing with only one creditor. Talk to you credit counselor to see if this is the best option for you.
Debt settlement is one of the last options for getting rid of your debt as it will seriously damage your credit score. But, sometimes it is the best option for you. Basically, your creditors and you agree that you will pay a certain percentage of your debt and it will count as if you repaid your entire debt.
Before using this option, talk to your credit counselor to see if this is the best option for you.
It's not the most pleasant thing to do, but it certainly beats getting a high-interest loan from a bank or credit card company. Explain your situation to your friends and family and if needed, make an official agreement, with notary public present, so the person who lends you the money knows you are serious about repaying your debt to them. If needed, offer a collateral.
While repaying your debts should be a priority, spare a certain amount (as much as you can) for your emergency fund. You never know when will you need it for medical bills or some other situation that requires lots of money right away. Otherwise, you will further increase your debt.
Make sure that you understand what are you up against. Examine your rights and responsibilities as a loan user, available repayment options, factors that determine if you are eligible for forgiveness of a debt, consequences if you default on your payments, etc.