If you have a low credit rating and cannot qualify for low interest rates on debt consolidation loans, do not own a house, or simply do not want to borrow more money to pay-off your debts, then you may want to sign up with a consumer credit counseling agency for a debt management program (DMP).
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Consumer credit counseling agencies work with financially distressed families and individuals to help them avoid bankruptcy and eliminate debt, and teach them how to effectively manage their personal finances and gain control over their financial future. Once you join a debt management program, a professionally trained and certified counselor will work with you to create a personalized debt management plan which will consolidate all your debts into one and distribute your monthly payments to your creditors. The consumer credit counseling agency will charge a small monthly fee but it is well worth it.