Dont stress out! Many people have this problem but its fixable, really! No this is not about some program that promises to wipe it all away. This is an very indebt person talking to you first hand as someone who really understands. Its never to late to fix your credit.

The first step is to sit down(or run around) and gather all the information on all the things you owe. Then set aside a certain, but affordable, amount of mouny. Even if its five dollars, trust me, it will add up!

Then once, you have successfully taken care of all debt, you can start to establish good credit again or for the first time. First, try getting some sort of small credit card. Buy one thing on it a month. Pay that every month until it is completely paid. Be sure to pay on time and not to get something you have to pay for for along time. When you can go back and purchase that one thing more often it can curve that shopping crave. Continue to do this for a period of time and your credit will be sure to rise.

Don't get discouraged, this deosn't happen over night. Just keep up the good work, and you'll be out of debt and back on your feet in no time.

P.S. Don't forget to save once financially stable. The future is full of surprises.