With rampant consumerism being advocated and advertised, the "enjoy today, pay tomorrow" attitude is the "in thing". Every manufacturer is trying to get money out of your pocket, and most of them succeed too! They make it sound as if it's no big deal and as if it's going to be child's play to repay the debt. In fact, the repayment part is made to appear only incidental and of not much importance. And most people do fall for the bait.

But this they realize only when it's too late- when the bills accumulate, the interest amounts become overwhelming and when creditors come knocking at their door. And it's then that people wonder if the "goodie" they enjoyed on borrowed money was at all worth it! And they seek help desperately!

Most people are not qualified enough to manage or handle their debts independently. In fact, their lack of knowledge only compounds their problem. Taking advantage of this scenario, a number of professional "debt-helpers" have sprung up all over the country. Just search the web and you'll find hundreds of such professionals promising you a debt-free life. There are some who are even conducting regular seminars on this subject! All for a fee, of course!

The question is, are these professionals any help? Or does one end up more in debt with their not-too-modest fee? Well, some of these professionals truly know their subject. But then there are many black sheep as well. The question is, is there any way to find out which is which? And, unfortunately, the answer is "No". You need to be careful while selecting one. Look out for those that make tall promises. If their claims sound too good to be true, in probability they are! The best thing would be to hire someone who has helped someone you know. Or at least someone who is recommended by someone you know. These professionals have, on their websites, people talking about how their problem was solved. If one of these people is in your city, talk to them.

These professionals help you in making a structured repayment to suit your income flows. They can calculate exactly how much you will need to pay and how long it will take you to become 100% debt-free. They will negotiate on your behalf with your creditors and try to extract a favorable deal for you. Some fines and penalties may even be waived. They even show you, through calculations why it is not wise to put money in a savings account and how to better utilize that money.

But then, if you think you don't trust these people, then the only alternative is to educate yourself. Buy books on the subject. Talk to people who have repaid their debts. Form local groups and hold meetings where members put forth their ideas and experiences. Even talk to some of your creditors if necessary.

After all, it does pay to increase your financial intelligence! And it's never too late to start learning!