What happened....

Speak with different consolidation companies and compare their quotes. A good company will get the lowest interest rate from your creditors and waive off most of the late payment fees. See the ranking chart

http://www.debtconsolidationcare.com/ranking-chart/

Go to your state page. You will find the top rated companies listed there. Do you know how much you owe in total? Go through your latest credit report and bank statements. You will need these details while speaking with a counselor.

debt consolidation may be the answer if all of your creditors will work with the company. But if it has come to the point that you have nothing left or just not enough at payday you might want to consider chapter 13. I have a friend that just did that. The high interest credit cards and car payments were killing him. So he filed chapter 13. He got to keep everything and he now has a little left after payday.

Sorry to hear that you are having financial difficulties. Are both you and your wife working? Maybe an extra part-time job could help temporarily. Just a thought---keep focused---you won't always be in this situation.

Before jumping into bed w/ a consolidation company, you should see what you can do own your own. Call these companies and try to get them to work w/ you in the interest rates, etc. See how low you can get them own your own, as opposed to paying someone else to do it for you.

WHats the worst they could say? No we won't work with you...its worht a shot!