Other Alternatives

* You can simply walk away? If you have no assets, creditor can't attach any property. Unless a creditor has a substantial amount invested in you and/or your state prohibits garnishment of wages, you probably don't have anything to worry about. However, you should be prepared for collection attempts via phone and mail, and threats of lawsuits if you decide to go this route. This is not a recommended way to deal with your obligations.

* You can try to deal with the creditors yourself and work out a new payment plan.

* You can try to budget your expenses and live a more frugal lifestyle, or take on a second job to bring in more income.

* You can contact one of the many debt consolidation / credit counseling services that specialize in helping consumer with credit problems.