Bankruptsy/ Debt Consolidation or WHAT?

I am in serious debt, between 7 Pay Day loans (all unresolved), Credit card bills, Medical Bills, Misc. Bills, Rent and Utilities and so much more, I am overwhelmed.

I owe close to $20,000.00 and i try to make small payments YET i never seem to catch up and only fall behind on my most important bills.

What is one to do, i want to improve my credit BUT even with 2 jobs and struggling, denying myself completely i am still working with a 514 credit score and bills galore.

Is bankruptsy (the second time in 4 years) an option.
debt consolidation? How do these people save you money when the debt you owe is exactly what you pay back if not more, including thier fee's for their services?

Has anyone reading this been in debt and found a solution that worked? if so, what was it? I am desparate, my home ownership dreams are being burried by my debt!

HELP!

There are different options by which you can eliminate your existing debts. You need to speak to a debt counselor who will analyze your financial situation and calculate the total income and expenses. Then, he will be able to figure out a plan that suits in your situation. The repayments in consolidation plan are higher from debt settlement79 plan. If you are able to afford the payments set in the consolidation plan, opt for it because this will look good on your credit after all the accounts are paid off. debt settlement is for those who find hard to make the consolidation payments. The counselor will explain you the process and offer the suitable plan.

Bankruptcy should be the last option to consider. It will remain in your credit report for 10 years. debt settlement is surely a better option than bankruptcy. However you need to consider few things before you go for debt settlement.
First of all do some homework about the debt settlement company. What type of certifications and accreditations do they have? Are they the member of the Better Business Bureau and whether they have any unresolved complaints or not. There are many fraudulent companies that trap innocent people by making FALSE CLAIMS that they can reduce debt by 60%, stop calls from creditors and will improve credit rating. So, beware.
Another thing to consider is the payment plan. The monthly payment should fit in your budget. If you can not afford the settlement payments for every month, then they might even sue you. So, before signing up anything with the settlement company, weigh the pros and cons.