...cards. NOw i am in way over my head.? and have been turned in i am to far in debt to recover is it best to let them go to collections and sit there for 7 years or file bankruptcy. I am amost $30,000 in debt. Have thought about consolidating but a person form the bank said I should file. I would not have a life for many years and ahve to work two jobs to pay them and i also have a full time job of taking care of my parents. Need advice?

Call all of them and work out a payment plan and try to get your interest lowered or stopped.

Then, make the minimum payments on every one of them. On the lowest dollar value, put all your extra effort toward paying it off. Once it is paid off, then roll that extra money to the next largest balance. Continue this snowball until all your debts are paid off.

You proabbly need to cut your expenses back to the bare minimum. Get rid of cable, cell phones, internet, etc. Lower your electric bill, gas bill, water bill, etc. Don't eat at a restaurant until your debts are under control.

Try to increase your income by getting a second job. If you have a car with payments, get rid of it, and buy a good dependable used car for CASH.

Go to the library and get "The Total Money Makeover". Read it and follwo it carefully.

Go check out Dave's website as well.

www.daveramsey.com