Taking control of your debt will mean hard work and discipline. If you have a family it is important to explain your financial situation. If children and spouses know that money is tight, they may prove to be your biggest asset in helping you to pay it down either by reminding you of it when you try to spend frivolously, or by curbing their wants as well. The following options are available for you to lower and even eliminate your debt.
Take control of your debt, don’t let it control you!
Read more about it:
When Your Income Drops:
Plan to Pay Creditors and Protect Family Welfare
Financial Fitness Fact Sheets:
Debt Brought into Marriage: The Anti-Dowry
Information Adapted from: The National Consumer Law Center Guide to Surviving Debt 2002 Ed; http://www.hud.gov , http://www.consumer-action.org; http://www.responsiblelending.org; http://www.consumer-action.org; (retrieved on January 6, 2005); American Bankruptcy Institute website www.abiworld.org (retrieved on May 18, 2005); http://kutv.com/gephardt/?b_start=78 (retrieved on May 24, 2005); and from http://www.andrewslaw.net/bankruptcy/update_on_bankruptcy_law_changes.shtml (retrieved on May 23, 2005).