FP | March 22, 2009
The first step after you admitted that you have a problem is that you want to get out of debt. I found that many people don’t really want to take the sacrifices and discipline to really get out of debt.
1. Keep track of all expenditures.
Take a good look at your expenses over the [...]
FP | March 14, 2009
Debt Consolidation: taking multiple debt or credit lines and consolidating them into one new payoff plan. Frequently, this is a consolidation loan, provided to consolidate debts into one loan with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also refer to a credit counseling or debt settlement [...]