Otherwise, all your effort will be for naught and you’ll end up even worse.
Now that you have your spending habits under control, it’s time to start working on your debt.
Debt consolidation companies often give you a fantastic pitch that promises to help you lower your monthly payments and eliminate debt. On one hand, I have heard of good stories where individuals successfully worked with one of these companies and got their debt problem under control.
All you have to do is work with them, combine all your debt obligations into one low monthly payment, and save tons of money. On the other hand, I have heard of horror stories where individuals placed their trust in these companies, made a couple of payments, and later got late notices from their creditors.