For those of you who extend credit to your customers, or if you are a lender, I bet you’d agree with the title of this article, right?  For those of you who don’t belong in this category, consider this:  if your friend were to lend you $100, and something happened that you couldn’t pay it all back, wouldn’t you try to give them something?

I know I would.  That should be your attitude as well with respect to your debt.  You wouldn’t tell your friend "Oh too bad" and expect them to be your friend, and the same goes with your lender.  If you think about it, part of the reason you did get the loan is that the lender trusted you.

The thing to consider is that a lender is just a person too.  If you were to say "Look I cannot afford to pay back everything but I’ll see what I can do", they would appreciate the effort.  If you are looking for some way to pay back the money you borrowed, even though you cannot afford the whole thing, you should look into a debt negotiation program.

What these programs do is negotiate with your lenders to get both a reduction in your balance as well as a reduction of the interest rate – all lumped into one payment.  You can think of this as credit and bill consolidation help – they help you by reducing your monthly payments, and at the same time, they help the lender get some of their money back.

Even if it is as simple as you being overburdened by credit card debt, you can use credit card negotiation services to reduce your debt load and your payment.  The trick here is just ask – the worst they can say is no.

So, have some consideration for your lender and try to find another alternative instead of bankruptcy.