Beware of debt consolidation scams. Not exactly Shakespearean advice, but it is a worthwhile tip. Those in debt are also in need. They are in need of getting out of debt. When you can't afford the debt you have, there are few options available. This is particularly so for those on a fixed income That's most of us. Elderly are commonly considered those on fixed incomes. But that category applies to all who make a set income. So if you earn a salary, you are on a fixed income. There is little to do besides getting another job to get more income. If you work full-time, there is little to no time left to moonlight.
What then to do? If you find yourself with a set amount of income, and debt beyond your ability to repay, there is only one option. That is to reduce or eliminate your debt to get out of your financial hole. But how? You could pay it off with savings. That, though, is rarely doable. If you had savings, you probably wouldn't be in debt in the first place. Beyond that, you must seek ways to reduce or eliminate your debt. Again, how? Debt consolidation
Often consumers want to repay part of their debt. Though a bankruptcy discharge of
After you have filed, but before your case can be concluded with a discharge, you must take a second credit counseling