The best way of course is to cut down expenditure, start saving and take up additional jobs to make extra money and make regular monthly payments. But unfortunately, these methods don’t work for many. Most of the time people in debt cannot even afford to make regular monthly payments. So, resorting to a debt management plan seems to be the most feasible option. You can consult debt management companies such as
http://www.debtburst.com or
http://www.payplan.com, which can help you in this regard. Also read this informative article on the same topic:
http://frugalliving.about.com/od/moneym ... f_Debt.htm