Most of us feel rich at beginning of month and end up feeling like worms at end of it. To relieve us of this feeling, credit cards have made their entrance with full gusto. And we have been literally swept off our feet. We can afford to be rich even on last day of month. We can buy whatever we want for kids, for house and for ourselves, credit cards showing us green signal all along. Little do we think of unpaid bills ready to storm us anytime following month.

OK. Now, its paytime folks! Have you seen first Harry Potter movie? The scene in which sealed letters for Harry, from Hogwarts, begin to pour into house from all openings and outlets? Unpaid credit card bills begin to pour into our lives just like that. Lightning strikes on a bright sunny day and darkens our lives big-time. There are two clear roads for you to take. One, mortgage everything you have, sell all valuables, take your children out of school, sell your car - in one word, commit suicide. The other way is to think wisely (at least this time) and look for ways to get out of debt.

One of first things people think of doing is file bankruptcy. This is again one of biggest mistakes anyone can make. For a debt of $7000, you will end up ruining your credit score forever. And social and psychological pressure of bankruptcy is not a matter of joke. Meanwhile, creditor calls are causing you sleepless nights. What's best way out? Consolidate all your debts. Contact a local but well-known debt consolidation firm and take their advice and help.

When it's paytime, you realize your misdoing. Abusive creditor calls may be robbing you of your sleep. Things may go so wrong that being repentant also does not help. What do you do? File bankruptcy. Stop. There are better and realistic ways of fighting debts. Avoid bankruptcy by all means. There have been millions who have filed bankruptcy in US of A last year! What causes this decision? And how can you avoid such a disastrous situation?

Credit cards should be given lion's share of blame behind such reckless spending. Credit card agencies will tell you it's you who should know how to use your cards. Anyway, let's take a situation where you have incurred a lot of debts and you don't know where to run. You have curtailed all your expenses, you take a bus to office, your wife does same and your children take school bus. Your car is a toy in garage. You have stopped entertaining friends and have stopped going over to them. When you see, even after a month, you are exactly where you started off, you know it's time to take some extreme measures.