You must become a bit savvy of the credit consolidation and other debt solution scams that lurk in the marketplace. Falling into these traps only increase your problems, and rapidly.

First off, you must evaluate your situation and figure out the best fitting strategy for you and your family.

One option that you have is through insurance companies. Both home insurance, if you're a homeowner, and Life insurance plans often have loan programs that may be at your disposal. This comes in the form of an advanced payment for home insurance and a payback plan for Life Insurance.

Often these plans come with a lump sum. Though it's very tempting to go crazy with this money, it will only worsen your situation, and very likely put you in a situation that you cannot easily squeak out of.

You'll also want to look into your Mortgage Insurance. Very often there are policies that will agree to make payments on your mortgage in the case of injury or terminal insurance, if this applies to you.

Another way to go in getting out of a bad situation is to refinance your mortgage loan. This often will result in a lump sum of money, which in turn will allow you to pay off your debt.

Just be careful if you do decide to refinance of the upfront fees that go along with mortgage loans.

Your car may be hurting your financial situation as well. If your car payments are causing you financial harm it may be time to consider either refinancing or selling your car, if you can get more than you owe for it. You can buy a used car for a lot less money, and save yourself a bundle at the end of each month.

You have to take action if you're serious about eliminating your hurtful debt. One last thought is that very often you can negotiate a debt settlement with the company that you owe money too, or with outstanding credit card bills. This is sometimes difficult since they still require a hefty fee all at once, but sometimes you can even make payments on the newly negotiated price. This is a win/win for both parties since at least the company is getting something from you, and you're getting a steep discount on your debt.

Being creative is often the key to debt relief.