Supporting a growing family is one of the easiest way to fall into debt. Still, when you are in debt, then that doesn’t imply that you’d have to continue with the same. Your first step to dig yourself out of debt is to prepare an action plan. This plan would help you to pay off your bills and can even bail you out of serious financial trouble.

• A personal financial inventory – If you can unravel the reasons behind your debts, then you’ll be able to find out the most suitable option to deal with them efficiently. Know how much you owe, how much you’re spending and how much you own. In this way, you can figure out the areas where you can trim your monthly expenditures to save the money you need to pay back your creditors. Analyze your action plan on the basis of your net worth, spending plan and spending pattern so as to start off with your financial inventory.
• Stay away from the plastic – If you’re head over heels on your debt, then you should stop charging on your credit cards at once. You can ask your creditors to lower the rate of interest on their cards or you can look for some other affordable ones to switch over. Moreover, you can even take advantage of the zero interest rate balance transfer cards so that you can repay your debt much more easily.
• Contact your creditors before you skip any payment – When you know that you won’t be able to stay current with your monthly payments, then you should contact and inform your creditors about that well in advance. Tell them that you need some extra time to catch up with your payments. If you’re proactive in making the call before missing even a single deadline, then it is very likely for the business to offer you with the right kind of debt help to you much more willingly.
• Opt for financial counseling professionals – They are suitable people to resolve your debt problems from. Debt counselors would study your financial condition and advise you on the most appropriate ways to resolve your debt problems. These personal finance professionals would be able to refer you to various other local debt relief programs crafted for people with varied needs and family obligations.
• Look for a non-profit debt relief organization – There are many non-profit credit counseling agencies that can help you to manage as well as to get out of debt. In case you’re employed with the armed forces, then there are Family Services or Support Center for the military personnels that you can take advantage of. Even your family members can seek their help to have their financial problems resolved.

Apart from that, you can get in touch with the National Foundation for Credit Counseling (NFCC) to work with a credit counselor based in your locality. To find out one such credit counselor, you can visit www.nfcc.org or call them at (800) 388-2227.