Saturday, November 24, 2012

On The Money: Getting debt under control | Bad Credit Daddy Blog

Finding a solution to personal debt is not always easy. Careful debt management and consolidation, however, can help individuals rein in the debt burden.

Several websites provide insights on how to manage personal debt. Here are a few:

bull; Investopedia: Explores the causes of debt and features steps for defining a debt redline. http://www.investopedia.com/articles/pf/07/debt-redline.asp

bull; Federal Trade Commission: Provides options for getting personal debt under control. http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre19.shtm

bull; Debt Direct: Discusses money management, budgeting and how to change financial habits. http://www.debtdirect.org/debt-management-tips/

bull; Credit.com: Discusses the pros and cons of debt consolidation and debt reduction options. http://www.credit.com/credit_information/debt_help/Debt-Consolidation-The-Pros-and-Cons-of-Your-Major-Options.jsp

bull; SmartMoney.com: This article is from 2007, but still provides relevant tactics on debt management and reduction. http://www.smartmoney.com/personal-finance/debt/live-debt-free-21847/

McClatchy-Tribune News Service

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Source: http://www.badcreditdaddy.com/credit-blog/2012/11/23/on-the-money-getting-debt-under-control/

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