How do i get out of this bank debt and still pay my bills on time?

When My husband lost his job, we got into major debt with our bank. They took away our overdraft priveleges, but still pay up to $300 in overdrafts. We bounced checks left and right and once we tried to stop our bills got really late. He fianlly has a job but we can't seem to catch up. My entire paycheck goes to bank charges every week. Is it a good idea to stop my direct deposit and pay my bank off gradually that way I still have money to pay my bills? His check pays our babysitter and a few bills and when we were desperate we took out a payday loan too. Any advice?

How do i get out of this bank debt and still pay my bills on time?
What a vicious cycle you've created.





First, do not write anymore checks on that bank account.....You must consider getting that account "up to zero" a high priority. If you don't, you could find yourself in a position of no bank account anywhere... I would stop the direct deposit after you clean up your bank account.





But not until the bank is tired of collecting "free money" from you.





Second, you need to list/type all your bills and the late penalties from them....and prioritize them, and call them and ask for extensions, partial payment acceptance. If you're polite, they'll help.





Third, you obviously are paying for internet service.....Unfortunately, things like CABLE TV, High Speed Internet...cell phones....should not be considered essentials...





basic cable $30/mo


interenet $25


cell $50 - - there is an easy $100/mo that could be used more efficiently....NOT FOREVER....Just until things get under control.





Good luck....
Reply:Once you get into a payday loan, everything changes.





You need to go to a Debt Counseling Service because your problem is larger and more sophisticated than the solution you can get on Yahoo! answers.





Someone needs to see your entire budget and your entire debts to get a sense of where you are and how to get you on the road to financial stability.
Reply:you need financial counsellor for one...they can help you consolidate your debt and start working out a consistent schedules.