These days there are just too many people who are deep in debt. Most of them don't know what to do about it. There is help available though if you know where to turn. When it comes to debt reduction, there are many services and companies that you can turn to for help. Some of these services are for free and others charge a small fee. The small fee is a small amount to pay for the services that you want. Let me explain some of them right now. First of all, you can get a debt consolidation loan. Just about every loan company will also give you loans as a means of consolidating your debts. A consolidation loan is nothing more than borrowing money in order to pay off money. Getting a consolidation loan can make your payments a great deal lower because instead of paying off many different bills, you are paying off one loan. You can also go to a credit union which is not a loan. Credit unions are banks that will take over your income and bill payments for you so that you don't have to worry about it. Sometimes they can even work with your creditors to lower your debts so that they are easier to pay off. Going through a credit union is the best thing that you can do if you want to let the company do all of the work for you to ensure that your bills are paid on time every time they are due. You can also see a credit councilor or debt reduction consolidator. They will help you to lower your monthly payments to a level that you can afford. Some are not for profit who does not charge you for this service, and others only have a small fee that they will charge you. If you search online, you can find many different credit councilors or consolidators in your area, or you can search through your local yellow pages to find in your neighborhood. It really can be that simple and going to any of these companies can save you from having to declare bankruptcy which stays on your credit report for years.