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September 20, 2005

Debt management advice from FTC

FTC recently came out with some timely debt management advice as more people will have to seek debt consolidation and credit counseling services because of the coming changes in bankruptcy laws.

While FTC tips on debt management are certainly wise and useful, I found them somewhat trivial. I would strongly recommend "do it yourself" strategy. It is amazing what you can achieve with some solid financial discipline. And I do stress "solid".

Read all you need about debt management program and think it thru very carefully. Then get few basic and simple ideas from Debt Free page and see what suits your most. I certainly hope you opt for the latter.

Don't pay to someone else, because no matter how nice they claim to be, you will end up putting your hard earned cash in their pockets.

Here is FTC article.

Posted in Debt Relief at September 20, 2005 01:18 PM

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