Is there a legitimate way to consolidate ALL of my debt… (details…)?

…including credit cards, old bank account, unpaid medical bills, etc…to one monthly payment? I hear debt-consolidating companies are a waste of time or not worth it. I’m about to get a sum of money from a house I sold, but I’m a stay-at-home Mom right now, and do not want to spend a HUGE amount at once when I have no steady income. I’d rather pay some monthly to all places I owe. Would it be better to pay things off entirely per company I owe? I’d just rather make payments to each one a little at a time, as to not be harassed by creditors. I’m getting money from a jointly owned house that my sister and I came way down on the price for quick sale, so it is not an option for me to pay off thousands when I have things to buy that we need. I do not have a car, for example, and I cannot keep depending on my husband who works full time for transportation. Any friendly advice is appreciated. I fear blowing off debt owed…I did that with an inheritance and this is my last chance at fixing my credit and maintaining an emergency/savings fund without living paycheck to paycheck when I regain employment.
@ Megan- That sounds like a great approach, but I should mention that the majority of my debt has gone to collections. Back when I had an inheritance, I was working on paying off my debt….some had gone to collections and I was able to settle on a few of them and pay them off. I (stupidly) opened up four more credit cards to help rebuild my credit (ha-ha). I was doing well for a while, purchasing things and then making payments larger than the minimum, or paying them all down…and repeating. Great idea…or so, I thought. I was reckless with my spending and ended up maxing all four cards out (luckily, low limits…but racked up a TON of interest). So, I’m back to square one…and I have to deal with all of this through numerous debt collectors. I’m not sure your idea would work in my situation, but I GREATLY appreciate the advice!!!
@ Megan- That sounds like a great approach, but I should mention that the majority of my debt has gone to collections. Back when I had an inheritance, I was working on paying off my debt….some had gone to collections and I was able to settle on a few of them and pay them off. I (stupidly) opened up four more credit cards to help rebuild my credit (ha-ha). I was doing well for a while, purchasing things and then making payments larger than the minimum, or paying them all down…and repeating. Great idea…or so, I thought. I was reckless with my spending and ended up maxing all four cards out (luckily, low limits…but racked up a TON of interest). So, I’m back to square one…and I have to deal with all of this through numerous debt collectors. I’m not sure your idea would work in my situation, but I GREATLY appreciate the advice!!!
Dammit, Timothy…you spelled “intelligent” wrong AGAIN!! Did I not teach you anything?!

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