5 dumbest things to avoid when having too much debt!

The five strategies you may want to avoid:
The first advice of experts in the field is to be sure you don't make your situation worse by making common mistakes.  In particular try to avoid:

• Paying only the minimum payment on your debt, as this will result in the amount you owe actually growing, and your problems will only become worse.
• Relying on friends and family, as this can damage relationships with the most important people in your life.
• Unscrupulous credit counselors that demand cash upfront, or high fees for help they promise, but don't deliver.
• Using new high-interest loans to pay off lower interest rate loans--while it may be easier to just have one payment, it will actually increase the amount you have to pay back.
• Declaring bankruptcy--this can have permanent and severe consequences on your financial future; avoid if you can, especially when debt settlement may work for you...