From MyCreditUnion.gov

Having trouble paying your bills? Receiving notices from creditors? Are your accounts being turned over to debt collectors? Are you worried about losing your home or your car? You’re not alone.

Many people face a financial crisis at some point in their lives. Whether the crisis is caused by personal or family illness, the loss of a job, or overspending, it can seem overwhelming. But often, it can be overcome. Your financial situation doesn’t have to go from bad to worse.

If you or someone you know is in financial hot water, consider these options:

Self-help

Debt relief services

– Debt consolidation
– Bankruptcy
– How do you know which will work best for you? It depends on your level of debt, your level of discipline, and your prospects for the future.