Question

Talk to your creditor and explain your financial situation to him. Explain that you're going through financial hardship and would like to work out an alternative repayment plan with him. Try to settle the debts on your own. Find out ways to earn more dollars and plan an effective budget. This may help you generate extra cash. Use the money to repay the debts. You can also take advantage of hardship programs.

With a bad credit, you won't be able to get a debt consolidation loan. None of the lenders will help you with this option. However, you can contact your friends or relatives and take their help in this regard. They may give you with a personal loan which will help you to pay off the dues. You can then pay them off on time. Once you pay off your past due accounts, you will be able to improve your credit scores.