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How To Manage Personal Debt?

How can i manage my debt?

  • my debt and interest payments are going circle to circle - it almost feels like i am earning FOR these credit card companies! i really do need professional help in managing my debt.

  • Answer:

    Yes, exactly. That's the reason that people do not want to be in debt, because they discover who is really running their lives. The key to being debt free, or having only limited debt, is to live BELOW your means. You must pay all your bills. Very simple. Do you know how to do a budget and stick to it? That's a key skill. Try a book on money management. Go to the library and get one of those books on this topic.

mildred f at Yahoo! Answers Visit the source

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Call NFCC.org (the number on the site). They are national non-profit credit counselors. They can call your creditors and see if payments can be reduced or interest lowered. They know what to do. Reviews call them angels from above. Google the reviews. Call the 800 number on the site and make an appointment at a local office. They have a DMP program (Debt Management Program). Cost is about $30 a month, but only if you can afford it. If they ask for this, just ask not to pay it for the first 6 months. Negative reviews say it's embarrassing (few), but with the amount of help they offer, so be it - be embarrassed.

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