Looking for a debt consolidation loan

I am seriously in debt. I am 59 years old, and I do no know what to do. I am depressed, can't sleep, and do not really care about living any more.

conatycasas-did you sign up for the free credit counseling when you joined? /If so, someone will be contacting you and can give you some more answers.Leroy,I see you haven't joined,it's free,and there are lots of people who are,or have been in your shoed. Please join,and you will also receive free credit counseling and they may have solutions you haven't thought of. There are several who have posted in the forum about life not being worth living,but I will tell you-you are looking at a permanent fix to a temporary problem. I know it seem like it will never end,but nothing is forever.There are solutions to every problem,sometimes it takes someone else who is objective to see them though,don't give up.Please read some posts in this forum and you will see how others have gotten past that point and are finally seeing the light,the support you receive here is wonderfull-Good Luck,keep us posted :D ...Karen

Wait for some time until the consultant calls you up. He will let you know about your options. As per your situation, he can assist you in deciding if a consolidation program will work for you or a consolidation loan.

My take is that you should not take a new loan to pay the previous debts. You are forced to pay the interests twice on the existing debts as well as on the new loan amount. Besides, you need to have collateral when a loan company offers you new credit. This is not necessary in a consolidation program, though. All the bills are combined together into one easy monthly payment scheme. The total amount will be lowered down that will eliminate most of the financial charges and late fees. Don't worry and make your health go down. There are positive options during such times of financial crisis. You will feel better after talking with the counselor.

How much is the total amount of your debt and what type of debts are these. Do you mind discussing about them? Someone who has already dealt in this situation in the past will be able to guide you through.