text: 10 Steps to Take if You Can't Pay Your Bills | Oh My Aching Debts
  Mar	26	10 Steps to Take if You Can't Pay Your Bills With the current economic situation, many people are having difficulty paying their bills. Banks, mortgage companies and lenders will often work with you to allow you time to get back on your feet financially.
  One of my creditors cut the interest rate drastically and the payments in more than half for 6 months to help keep the account from going into collections. While all creditors might not be willing to take the same steps, it is worth giving them a call.
  The following is a list of things to do if you can't pay your bills.
  Make a simple budget. Figure out your income and list your debts with the total amount due, your monthly payment and your interest rate. Write them down with the highest balance and payment to the lowest. Determine what percentage you need to take off of each bill to be able to make the payments. You will need to know what you can afford to pay when you talk to each creditor.
  Write down a paragraph or two detailing your circumstances. Include why you are currently unable to meet your obligations and when you believe you will be able to resume payments. Organizing your thoughts will make it easier to talk to the creditor and you may need to send