It happens before you know it — one day you realize you are drowning in debt. In fact, the average American family has close to $15,000 in credit card debt alone — and that doesn’t include mortgage debt or car loans.

Digging out from under all that debt can feel like an impossible task. But it is possible and, what’s better, you can get free debt consolidation help.

There are many avenues to create a debt consolidation plan. A first step you can take is at LoanexFastCash.com, where you can fill out a simple form and the online site will connect you with a plethora of debt relief services, from non-profit agencies to Christian-based programs. Many of these programs offer their services for free.

On Your Own

If you’d like to try to dig out of debt on your own, there are many websites dedicated to just that on the Internet. These sites will tally up what you owe and help you create a free debt consolidation plan that takes into account your goals, priorities, financial situation, and any special circumstances you may have, such as medical debt. Unfortunately, medical debt is a leading cause of bankruptcies, adding financial strain to an already difficult time.

The best way to find one of these free services is to type Free Debt Consolidation Help into your search engine and spend some time researching each offering.

Borrow From Yourself
If you have money in a retirement account, such as a 401(k) account, you can borrow from that to pay off your debt. You will have to pay back the money, of course, but the interest rates on these kinds of loans are often much lower than on credit card debt and you are paying that interest back to your own account.

There is risk to borrowing from your 401(k). If you default on the loan, you will have to pay a 10% penalty and incomes taxes on the amount you borrowed. That’s because 401(k) accounts are funded by pre-tax dollars. The money is put into your account before income taxes are assessed on your paycheck, lessening your tax burden while building up your retirement savings.

If you have a whole life insurance policy with equity, you may be able to borrow against that or cash it in to pay off your credit card debt.

Free debt consolidation help

If doing it on your own seems like an impossible task, go to LoanexFastCash.com to find free debt consolidation help. Many of these services offer free advice and debt counseling.

Some services even can talk to your creditors for you, setting up repayment plans that work within your budget.

Many of these services will actually make your payments for you. You send the non-profit group a check each month and the service will pay off your debt according to an agreed-upon debt consolidation plan. Some will charge a small fee for this service, but it may be worth it to you to not have the hassles of dealing with the payments or creditors each month.

You can find out more about this free debt consolidation help at LoanexFastCash.com. The sooner you look into this, the sooner you will begin digging out from all that debt.