We know that sometimes it can all get to be too much. Sometimes the path you’re on gets hard and you’re not able to pay your bills. We want to assure you that this is nothing to be ashamed of, and you’re not alone. It’s just another obstacle on your financial journey, but it shouldn’t be one that discourages you from achieving your goals. Of course, everyone feels a bit discouraged sometimes and that’s completely valid. Just know that Your FInancial Journey is always here to help. No shame, no judgment.

So what are your options if you can’t pay your bills? Are there any options? And even if there are, are they realistic? The answer is yes. And we’re here to tell you about some of them.

We suggest keeping in contact with your creditors. They really are there to help and can provide you with options to get back on tack. You can also try credit counseling, which can help you create a budget and work out payment plans.

Bankruptcy should be a last resort. If you find yourself stuck in a hole that you really can’t get out of, look into the idea of filing bankruptcy. But keep in mind, not all debts can be discharged this way and there are plenty of options that you should look into before this point. If you’re thinking of filing, please reach out to us. After all, we’re here as your guides on this journey.

Financial Beginnings is a national 501(c)(3) nonprofit that empowers youth and adults to take control of their financial futures. Their educational programs incorporate all aspects of personal finance to give individuals the foundation they need to make informed financial decisions. Financial Beginnings reaches more than 200 K-12 schools and colleges and more than 100 community-based organizations annually, serving all groups with special focus on populations most in need. For more information, visit www.financialbeginnings.org.