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Debt Reduction Education

1 - Your Debt2 - Your Budget3 - Reducing Your Debt4 - Debt Consolidation5 - Federal Student Loans6 - Avoiding Debt7 - Resources

         

 

 

Extra Resources

Below are additional resources to help you manage your debt:

Consumer Debt

  1. American Bankruptcy Institute (ABE) - If you are seriously considering filing for bankruptcy visit ABI’s website for an overview of how the process works. Visit www.abiworld.org and click on “Consumer Education Center”.

  2. Debtors Anonymous (DA) - If you are addicted to spending you can get help at DA.  DA uses the same proven techniques as Alcoholics Anonymous.  You can locate the nearest DA chapter to you by visiting http://debtorsanonymous.org or call 781-453-2743 or 800-421-2383 .

  3. The Debt-Proof Living Newsletter – This news letter offers an abundance of advice and information to help you with your money, especially if you are having problems. Visit www.debtproofliving.com to signup for their newsletter.

  4. Federal Consumer Action Web Site -  This website is part of the Federal Citizen Information Center offering a wealth of information about consumer shopping, and how to avoid and resolve problems.  Visit http://www.consumeraction.org for more information.

  5. The Federal Trade Commission (FTC) – The FTC enforces consumer protection laws for credit reporting, credit repair, credit application, debt collectors, etc. The FTC also offers free information (worksheets, brochures) about credit-related laws, information about borrowing money and using credit cards and a variety of other consumer related topics. Visit www.ftc.gov/bcp/consumer.shtm for more information.

  6. The National Consumer Law Center (NCLC) - This is a national nonprofit organization that helps low-income consumers. NCLC helps low-income consumers with debt collectors, foreclosures, repossessions, utility terminations, and other debt related issues. Visit www.consumerlaw.org for more information.

  7. Mint.com Web Site - This service allows you to bring all your financial accounts together online, automatically categorizes your transactions, lets you set budgets and helps you achieve your savings goals. Visit http://mint.com for more information. If you have financial questions, you can visit http://answers.mint.com.

  8. The National Foundation for Credit Counseling (NFCC) – This is an organization with about 1,000 offices nationwide, many of which are known as Consumer Credit Counseling Service. NFCC offices offer a variety of services by telephone or in person, which includes budget counseling and education, debt management plans and financial classes. NFCC counselors are trained and certified. Depending on your income, NFCC services maybe free, otherwise there is a very low cost to use their services. For more information visit www.nfcc.org or call 800-388-2227.

  9. Free Credit Report - You are entitled for a free credit report from 3 of the national credit reporting agencies. To order your free credit report visit www.annualcreditreport.com or call 1-877-FACT-ACT.

    1. To purchase additional copies of your credit reports after you’ve obtained your free annual credit reports, contact the following credit reporting agencies individually. You can order by mail, phone, or online.

      1. Equifax: www.equifax.com, 800-685-1111, Disclosure Department, P.O. Box 740241, Atlanta, GA 30374

      2. Experian: www.experian.com, 888-397-3742, P.O. Box 2104, Allen, Texas 75013

      3. TransUnion: www.transunion.com, 800-888-4213, P.O. Box 1000, Chester, PA 19022

  10. Books - Below are recommended books to combat your debt:

    1. The Budget Kit: The Common Cents Money Management Workbook by Judy Lawrence (Jan 4, 2011)

    2. Cheap Talk with the Frugal Friends: Over 600 Tips, Tricks, and Creative Ideas for Saving Money - Paperback (Sept. 25, 2001) by Angie Zalewski

    3. The Complete Cheapskate: How to Get Out of Debt, Stay Out, and Break Free from Money Worries Forever by Mary Hunt (Paperback - Aug. 1, 2003)

    4. How to Save Money Every Day (Oct 1, 2004)

    5. How to Get Credit After Filing Bankruptcy: The Complete Guide to Getting and Keeping Your Credit Under Control by Mitch Wakem (Apr 20, 2008)

 

Student Loan Debt

  1. U.S. Department of Education’s National Student Loan Data System (NSLDS) - If you are uncertain as the type of federal student loan you have visit www.nslds.ed.gov/nslds_SA.

  2. U.S. Department of Education - If you need help in determining which plan is good for you, use the DOE’s interactive calculators at www.ed.gov/offices/OSFAP/DirectLoan/calc.html.

  3. Student Loan Calculators :

  4. Books - Below are recommended books to combat your student loan debt:

    1. Bankrupt Your Student Loans: And Other Discharge Strategies by Chuck Stewart (May 18, 2006)

    2. Free Yourself from Student Loan Debt: Get Out from Under Once and for All by Brian O'Connell (May 1, 2004)

    3. Take Control of Your Student Loan Debt by Robin Leonard and Deanne Loonin (Aug 2001)

    4. How to Wipe Out Your Student Loans and Be Debt Free Fast: Everything You Need to Know Explained Simply by Martha Maeda (Nov 9, 2009)

    5. Graduation Debt: How to Manage Student Loans and Live Your Life (Cliffsnotes) by Reyna Gobel (Mar 29, 2010)

 

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