More and more people these days find themselves running into debt, often with mounting credit card debt, and human nature for most of us is to ignore the problem in the hope that it will go away. Of course it never does and eventually reaches the point at which you cannot even meet the minimum monthly repayments on your various debts and then panic sets in. At this point the first thing which you absolutely must do is to talk to your creditors, tell them your situation and ask if there is anything they can do to help. You might be surprised to find just how many of your creditors have some form of debt reduction settlement program designed for just such a situation.