I am a bankruptcy attorney and people always ask me questions about how to debt consolidate, negotiate, and everything else. To be honest, since I do corporate bankruptcy its a completely different animal. This book is a one-stop guide to wading through pre-bankruptcy planning, debt consolidations, arbitrations, etc. The most important thing is that if you go to the website there is a list of credit counseling agencies and debt negotiation/arbitration agencies that are reputable.
Reading this book prepared me to deal better with my friends’ questions about personal finances and personal bankruptcy.
His explanation of the bankruptcy process was great. As an attorney I didn’t find any issues with his presentation. Most importantly I thought his chapter on your mindset and always trying to find ways to save money is one of the most important parts of the entire process.[keyword]+debt+management[/keyword][yahooquestion]+debt+management[/yahooquestion]
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{ 17 comments… read them below or add one }
1. Debt can cause depression.
2. Don’t let debt distort your view of life. You can get out of debt. There is no debtors prison in the US.
3. Debt is temporary.
4. Stop increasing debt and start paying down debt. In time you will be free of your debt.
5. Getting out debt means getting back you life.
6. Negotiate with your creditors and the banks. Do run and hide, instead, go and talk with them.
7. This is not financial armeggedon for you. Your not under reckoning judgment. Start fixing your financial problems.
For those of us who are going through all the angst, stress and personal recriminations of having gotten ourselves into WAYYYY too much debt, this book is like an old-fashioned tonic. It may taste a little bit bitter at first, but it will leave a sweet taste in your mouth long afterwards.
As a professional social worker and believer in 12-step programs, I know the power that sincere spiritual cleansing and sticking to hard but functional choices can have in our lives.
Sure it’s hard to give up that addictive habit of slapping that piece of plastic on the counter whenever we want something we can’t afford… but that is EXACTLY what the credit card companies have spent millions of dollars in advertising to get you hooked on doing.
This intelligent, uplifting book treats the use of credit like the emotional addiction that it really is. We ALL have to stop… “cold turkey” and learn to avoid using credit from this day forward.
I have just one difference of opinion with this author, and that is with feeling obligated to pay back the credit card debts.
I believe we were all deliberately tempted and coaxed into ever deepening debt by credit card companies that are every bit as greedy and unscrupulous as the cigarette companies that added extra nicotine to their products to more hopelessly addict their customers. I believe it is ALSO good Karma to stop feeding the debt dragons and make them go away.
Therefore, I also suggest reading:
Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
Brown’s book will teach you why not feeling obligated to repay what was deliberately taken from you through manipulation and deception is better Karma than being a debt slave… and…
DEFAULT !!! Escaping the Debt Trap and Avoiding Bankruptcy
Guedel’s book will show you exactly how defending yourself against credit card debt collection and starting over without using credit can be done SUCCESSFULLY.
I know of one woman who paid $187,000 in debt in a little over 4 years reading this book and doing exactly what it says to do.
This is a spiritual book. It is about money and gives clear steps to get out of debt and stay out of debt, but it also offers a new perspective in life. The author shows the reader that in order to have a good relationship with money one has to look at life differently. In a time when “lack” seems to be flooding everybody’s minds, this book inspires us to be and feel abundant, not in terms of amassing objects and fortune, but rather in a profound existential way. I truly recommend this book to anyone who is interested in enhancing their perspective on life and money.
This book is for anyone who is in a money crunch. The author gives original advice that will give hope and encouragement to people whose debt has gotten out of hand. It calms you down and points you in the right direction.
I am a bankruptcy attorney and people always ask me questions about how to debt consolidate, negotiate, and everything else. To be honest, since I do corporate bankruptcy its a completely different animal. This book is a one-stop guide to wading through pre-bankruptcy planning, debt consolidations, arbitrations, etc. The most important thing is that if you go to the website there is a list of credit counseling agencies and debt negotiation/arbitration agencies that are reputable.
Reading this book prepared me to deal better with my friends’ questions about personal finances and personal bankruptcy.
His explanation of the bankruptcy process was great. As an attorney I didn’t find any issues with his presentation. Most importantly I thought his chapter on your mindset and always trying to find ways to save money is one of the most important parts of the entire process.
This is a great book for anybody who is struggling with debt and is looking for somewhere to turn. There is no much misinformation out there, it’s refreshing to see such an unbiased and well-informed view on the subject.
I’ve read several personal finance / “get out of debt” books over the past few months, and this is the best. It has great practical advice for dealing with creditors and delaying foreclosure. The book is full of short “Survival Tips” that offer quick advice on a wide variety of debt issues from dealing with collectors to student loans.
The book has a companion website [...] that has even more great information. Particularly useful is the “Worksheets and Templates” section which has templates for Cease and Desist, Hardship Request and many other helpful letters. Fill in a few form fields, click Print and you have a professional letter that you can mail or fax to your creditors.
This book is easy to read and gives great advice without passing judgment. Unlike other authors who come across as “cult-leaders”, Mitchell Allen is sincere, funny and earnest about helping people eliminate debt and live better lives. Highly recommended!
Debt takes as much of a toll on one’s nerves as it does on one’s bank account. “A Survival Guide to Debt: How to Overcome Tough Times & Restore Your Financial Health” is a guide for those who are in debt over their heads and are confounded on how to survive the crisis. With plenty of tips for fighting off debt on one’s own power, dealing with collections agencies, considering different types of bankruptcy, and more, “A Survival Guide to Debt” may be just what the financially challenged need to find their way out of the financial hole.
Finally, a non-judgmental resource of basic information with easy to understand alternatives! Mitchell Allen’s book gives steps you can take when trying to deal with overwhelming debt, but more importantly, he offers hope. “You are not your debt!…Your worth as a person is not measured by your net worth, your past-due balances, or your lack of sufficient income.” Here you’ll get straight-forward techniques on how to prioritize your debt, options for debt management, and how to get your life back on track. The point of this book is not to explain how deep a hole you’re in; you already know that. Instead, Allen offers you a ladder to climb up and out of that hole and provides you a map to avoid future financial pitfalls. Good read, even for those who just need motivation and reminders why it’s important to live on a monthly budget, use credit very cautiously and save for life’s inevitable set-backs.
Great book. Straight forward, clear advice. Could be more complete, but then it would be harder to read fast. It’s an excellent starting point!
This book is great! I received lots of great insight on managing debt and staying clear from it…especially now a days with the economies downfall this is a great book to have to get your finances and credit back on track.
This book gives you everything you need to know about getting your finances in order and gives you a plan of action. The information is very practical and helpful for a variety of issues and situations. If you are in debt, this is a must read.
Not knowing where to start untangling the mess I’d made for myself and way too embarrassed, even ashamed, to ask for help kept me living in vagueness, not ever adding up the numbers. Managing Debt for Dummies made it safe to come out from under the covers and look at my financial situation. Ventura and Reed not only have a friendly, non-judgmental tone to their advice, they break the road to solvency down into manageable pieces and guide us forward step by step. It most reminds me of the feeling I had as my dad ran alongside my bike the first rides after removing the training wheels. The fear is still there, but knowing he’s there to guide me, I’m able to take the risk, all the time feeling an eminent sense of independence.
This is a fast, simple read that allows your to jump around different sections with little confusion. It has some good tips on getting rid of debt and saving more for the future, and above all it give advice to appreciate what you already have and don’t feel the need to constantly buy new things!
This is a great option! It’s better than paying these ridiculous rates and a much better choice than filing BK
There are other measures that also contribute to the consolidation of credit card debt, as the benefits of debt management companies. Experts from these companies try to open negotiations with its creditors to reduce or eliminate interest and penalties on your account. You can also participate in the hearing of loans and debt management programs because it allows you to learn how to manage their debt.
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