According to some sources, the average overall household debt in America is $63,000. This is higher than the median annual income in the U.S. Having more debt than your finances can handle can be an extremely stressful situation. Luckily, there are several organizations that can help you to get your finances — and your life — back on track. If you are dealing with financial difficulties and struggling to pay your debts, here are four organizations that may be able to help.

Your Bank

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Many people do not realize it, but one of the best places to turn when you are dealing with overwhelming debt is your own bank. With a home equity or debt consolidation loan from your bank, you can consolidate high-interest debt from credit cards into one low payment.

If you go this route to manage your debt, however, use caution. It does not help to consolidate the debt if you continue to use the credit cards that the consolidation loan paid off. It is important that you make responsible choices with your finances to ensure that you do not go deeper into debt.

A Financial Advisory Company

Some people think that financial advisors are only for wealthy people, but this is definitely not the case. While financial advisors do help people invest and plan for their retirement, they are also available to help you find solutions to your financial difficulty. Financial advisors not only have access to products and programs to help you get out of debt, they can also teach you strategies to help you budget your money to pay off debt more quickly.

The IRS Tax Advocate Service

The IRS Tax Advocate Service is an independent organization within the IRS that was created to help taxpayers facing financial difficulty or running into problems dealing with the IRS. When you are an independent contractor or business owner, you may end up owing taxes when tax time rolls around. If you owe a tax liability that you are unable to pay, the IRS Tax Advocate Service may be able to help. It offers a wide array of programs including installment payments, penalty reduction, and debt settlement options that are available to help taxpayers struggling to pay their tax debt.

Your Student Loan Provider

Student loan debt is a significant burden facing Americans today. It can cause quite a bit of financial difficulty and stress. However, your student loan provider may have options to help ease your burden. Programs such as income-based repayment plans and temporary forbearances that put a pause on your payments might help you to gain control of your finances and reduce your debt payments to a more manageable sum. Contact your student loan provider to see if any of these options may be available to help you.

If you are struggling with outsized debt that is beyond your ability to pay, consider contacting one of these organizations to find out if they can help you get your life back.

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