It can be quite stressful to be in debt. Anyone who is in debt will tell you that the circumstances leading up to their debt was obvious, but they refused to pay attention. If you took out a loan, you have the obligation and responsibility to repay the loan, even if your life situation has changed. You may have lost your job, gotten ill, injured in a car accident or had a child. With the expense that comes with these situations, your bills will sometimes take the back burner.