It is not an easy feeling to have a long term debt on your shoulder. Sometimes despite our planning and budgeting, certain circumstances can't be avoided. I can proudly say that I live a rather simple debt free life as I have not much interest in accumulating material goods. Yet, what my husband and I didn't planned for is that I would fall ill and can't do as much work as I used to. As a result our family budget was affected somewhat. There was a time that we had to borrow at a very high interest rate. We were appalled at the interest that we had to pay. Although we took very drastic steps to reduce our standard of living, we did manage to get out of debt eventually.
Debt Management may not be so drastic these days. Many people are able to keep their current lifestyle with proper debt management companies. They can review your personal circumstances and then collect a whole small lump sum from you monthly and distribute it to your creditors. They will make sure that your debts are in control, your necessities like food and rental are accounted for before recommending the low affordable repayment to you, contact and communicate with your creditors on your behalf, managing your late or missed payments so as not to escalate or increase your interest rates and also eliminate the need to involve in legal proceedings. Check the site for more information and advice.