Having Trouble Paying Your Bills?

By: Austin Meadows

Debt repayment

The act of paying back money previously borrowed from a lender. Repayment usually takes the form of periodic payments that normally include part principal plus interest in each payment.

Credit Counseling

This is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt.

Bankruptcy

This is when you lose all money and have none left.