debt
Chapter 4: Seeking debt help

If you've tried to reduce your debt and still can't, maybe it's time to seek outside help.

The ads for credit counselors are rampant on TV, radio and the Web. If your debt is unmanageable, you don't want to compound the problem by choosing a poor credit counselor. In this chapter, you'll learn what the signs of serious trouble are, how to interview a counselor before you hire one, the myths about debt consolidation, and how a debt-management program might affect your credit.

What you can expect to learn from this chapter:

 

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Debt Adviser

Can you ignore a debt collector?

Dear Debt Adviser, Recently, a collector called me about an unpaid debt from 2002. She threatened to garnish my husband's wages by 25% and "1099" us when we file our taxes. She said we could settle by paying $1,500 immediately.... Read more

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