Although just the cost of goods and services we buy on credit, can do serious financial damage, interest added to interest can literally make a mountain out of a molehill. Add an unexpected cost or two, and we're in trouble.

What to do if you find yourself too deeply in debt to repay in a 'timely manner' - owing more than you can possibly pay while interest keeps piling your debts even higher?

There are several answers to that, according to debt or credit counselor organizations.

1) The very first thing most of them will work on is getting your creditors 'off your back' - no more phone calls or threatening letters to intimidate you. We, as consumers, do have rights, but in a credit driven economy, many times we are viewed (and treated) as commodities.

2) Credit counseling organizations help put the human factor back into a business transaction, and act as negotiators to find an acceptable method and rate of payment for both sides, including no-interest or low interest agreements.

3) Even if your situation seems impossible to you, most organizations will help you set up a plan and support you in many ways. Some have found the Internet to be the ideal way of helping with chats and bulletin boards, and this may be all you need, depending on your situation.

4) If you need more individualized help, there is sure to be a branch near you of one of the major credit counseling services, as well as smaller, more localized organizations. (Be aware that using a credit counseling organization will show on your credit record.)

Where to get started:

Don't despair, don't give up and don't let anyone tell you it can't be done. There are very few cases where bankruptcy is the best answer; most of the time a well thought out plan and persistence will get you back on your financial feet.