How many times have you found yourself buried in debt, juggling bills and thinking - how am I going to pay all this off?!

Bills, bills and more bills - they just keep coming each month. If you find yourself where more of your money is going out than coming in, and you are behind on your bill payments, it may be time to consider consolidating your outstanding bills. You'll save money, make life easier, get ahead of your debts and save yourself the financial stress you're going through now.

All of the options allow you to arrange lower monthly payments making your finances more manageable. Since you replace all of your outstanding bills with one loan or line of credit, you make life much easier by dealing with only one lender. In most cases the interest rate you'll receive will be much lower than the total amount of charges and penalties you are currently carrying with all of your unpaid bills.

1. If you own your home and have built up equity in it, you can unlock that equity and use it to help your financial situation. A home equity loan is one of the best ways to consolidate your bills. Home equity lenders provide what are probably the lowest interest rates available and that is this option's main advantage.

2. If you have equity in your home and need the flexibility of revolving credit, a home equity line of credit is your best option. The interest rates are not quite as low as home equity loans but they are still some of the lowest. Also, you only pay interest on the balance you use. Unlike a home equity loan, your home equity line of credit does not end when you pay it off in full. It is there to use to consolidate bills that may occur at any time.

3. If you own your home but need more than the equity you have, you can use cash-out mortgage refinancing to consolidate bills. Most mortgage lenders allow you to take up to 125% of the value of your home out and you can use these funds to consolidate your debts. This option makes sense if you are paying higher interest or charges on your outstanding bills than you would for the refinanced mortgage.

4. Your car can be a source of funds to consolidate bills through automobile refinancing. Car loans are secured loans and that means they can be refinanced to unlock the value of the car for which you have already paid. If your remaining payments are less than the value of the car, you can refinance your loan for the difference and use the funds to help your consolidation efforts.

Each of these methods can be a source of funds that can help you consolidate bills. There's no need to let your bills get the better of you when these options will help you make your financial life easier. With lower monthly payments, lower interest rates and only one lender to deal with, you can get your monthly finances under control.