Step #1
Call your creditors if you are having difficulties paying your debts BEFORE you miss a payment: This may be a difficult step for you to take, but it will be much easier and less embarrassing if you do this now. Also, consider your options. If you are really struggling to make a car payment for example, it may be better for you to sell the vehicle and pay off the loan rather than creditor repossessing it. A repossession is a definite way to hurt your credit rating and even once it is fixed it will show for some time.
