Having splurged on all manner of goods and services using plastic, you should be the last one to be surprised at the amount of debt staring you in the face.
The bills have snowed you under and as you pick them up one after the other, you realize you will be unable to repay any of them.
You are faced now with credit card debt bankruptcy where your spendthrift ways on borrowed cash has landed you in a right royal mess.
Out of control credit card debt is an affliction which has hit not just you, but millions of other Americans as well.
The ongoing recession has not made matters any easier and if you have just been laid off, things could not get any worse.
Seeking exit routes:- It is not in a very pleasant position to be in but you have to do something about it.
You could go to court and declare yourself bankrupt but that would bring on another set of problems.
Litigation of any sort is painful and a bankruptcy hearing can make you hurt personally.
You could approach the credit card companies on your own to catch a break but that could be a bit intimidating to start with.
You would not get too far with your voice shaking and knees quaking as you try to negotiate your way out of credit card debt bankruptcy.
Perhaps a better option would be to approach a debt settlement company through a debt relief network.
They can at least negotiate on your behalf and try to get you a good deal.
If all works out, you can very slowly claw your way out of your present dire financial situation.
Admittedly it will take a great deal of time and a lot of fiscal discipline on your part.
Cost-cutting will be the order of the day so be prepared to forego those nights out at fancy clubs, buying that spanking new SUV and the beach vacation.
In fact, you may have to sell your car and replace it with a clunker which could also save you on gas.
You may even have to dump the car altogether and start using the subway or the public bus service to commute to and from work.
No one said it would be easy to try to get back to a semblance of normalcy and you will have to make a lot of sacrifices.
But once the painful ordeal is over, you will find it was all worth it.