The easiest way to manage your debt is to put it into one place.  If you have several outstanding balances on credit cards and even personal loans, you will be able to take out a credit consolidation loan that will allow you to pay off all of your outstanding balances and then make payments on the loan itself.  How much your payments are will depend on the interest rate you receive and how much the loan is for.

You will want to take out a loan from a reputable company, preferably your bank if possible.  Your bank knows your history and will be able to help you with possible lower interest rates.  Before you accept the loan, however, you will want to ensure that you are familiar with every aspect of the loan agreement including any late fees for late payments, etc.  If there are any monthly fees or late fees, you will need to know these.  You will also need to know who to contact if you have any questions regarding your loan.

After taking out the credit consolidation loan, you may need to make some life changes that will ensure success on paying off your loan.  Get rid of any frivolous payments and bills that you have on a monthly basis. Students and adults in debt may also benefit from credit counseling and debt management counseling to learn how they can keep themselves out of future credit problems.

 If you can live without anything, don't spend money on it.  There are several areas that people can cut back on and still live a comfortable lifestyle.  The idea is that you can get out of debt, restore your credit and then take a new and fresh outlook on life.  This will allow you to reevaluate your situation in life and begin to make smart money management decisions.