The first thing you should do is run our free Debt Auditor - Financial Independence Calculator and get an idea where you are, how much you'll be paying, and how long till financial independence.
Instead of getting a PhD in debt management, the simplest and most effective way is to task the experts with it and get their (often free) debt help. Get Me Out of Debt, provides third-party professional guidance in three main categories of debt problems: Heavy debt, Collector harassment, Credit repair.
Debt Consolidation Loans
Who is a debt consolidation loan for, ideally? People who:
Debt Management Programs (DMPs)
Who is debt management for, ideally? People who:
Another approach is Debt Settlement. These programs treat the debt itself, not just the payment arrangements.
Often, credit companies and creditors will be open to either lowering interest or even lowering the amount of debt. This is a negotiation. Having an experienced professional on your side to do it for you is extremely important for success. Learn more about reduction, debt settlement and renegotiation here.