A Survival Guide to Debt

A Survival Guide to Debt

5.0 1
by Mitchell Allen
     
 

Did you answer yes to at least one of these questions? Have you given up hope that you will ever recover from your desperate financial situation? Don't despair. Just open this book and discover the simple steps that will allow you to take control of your finances and your life.

As president of a nonprofit debt education organization, Mitchell Allen has helped

Overview

Did you answer yes to at least one of these questions? Have you given up hope that you will ever recover from your desperate financial situation? Don't despair. Just open this book and discover the simple steps that will allow you to take control of your finances and your life.

As president of a nonprofit debt education organization, Mitchell Allen has helped over 200,000 individuals overcome tough economic times. And he can show you how to spot the warning signs of financial distress, make smart decisions to find a path out of the woods, and manage the emotional stress of a financial meltdown. A Survival Guide to Debt offers comprehensive coverage of all of your options for dealing with debt in a simple, guidebook format designed to empower you to make the best decisions for you. Allen explains

Options for solving your debt problems on your own

Clear tips for negotiating with creditors

How to find professional who can help

The facts and myths and pros and cons of bankruptcy

Detailed descriptions of chapter 7 and chapter 13 bankruptcies

How to live without relying on credit

How to emerge from the woods and build a financially secure life

This book will give you the hope and the practical advice you need to move from debt-induced insanity to emotional and financial security. Whether you are heavily in debt, face repossession or foreclosure, or are considering bankruptcy, this book will provide the information you need to restore your financial health and regain peace of mind.

Editorial Reviews

Publishers Weekly
Arriving in the midst of the nation's money crisis, this volume is aimed at Americans in dire financial straits: people paying bills with credit cards, avoiding overdue notices and/or facing foreclosure. Allen, the co-founder and head of the Debt Education and Certification Foundation, identifies the principle reasons people accrue significant debt (divorce or death, major medical problems, job loss or income reduction, poor financial choices), helps readers "apply a tourniquet" to stop the financial bleeding, and explains practical but often painful ways to eliminate debt. He includes strategies for negotiating with creditors, determining whether bankruptcy is a viable solution, and taking financial control after re-establishing credit. Along the way, Allen also lays out debtors' legal rights, stresses the importance of savings goals, explores the emotional impact of bankruptcy and provides humanizing encouragement ("You are not your debt"). Allen's casual manner is perfectly calming, and a surplus of real-world examples and worksheets (and a dedicated website) make it a valuable resource for any readers who want a better grip on their finances.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

Product Details

ISBN-13:
9781929774708
Publisher:
Greenleaf Book Group, LLC
Publication date:
08/01/2009
Pages:
282
Product dimensions:
6.00(w) x 8.90(h) x 0.90(d)

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Survival Guide to Debt 5 out of 5 based on 0 ratings. 1 reviews.
crazypsychobookloverLC More than 1 year ago
A Survival Guide to Debt: How to Overcome Tough Times and Restore Your Financial Health Author: Mitchell Allen Publisher: Greenleaf Book Group Press ISBN: 978-1-929774-70-8 While we may hear alot more about consumer debt and bankruptcy today, it's been an ongoing problem for numerous families for quite awhile. As the President of a non-profit debt education organization, author Mitchell Allen has worked with over 200,000 financially troubled people. This book covers a wide variety of topics, from the warning signs of financial distress, managing the emotional stress of financial problems, making a plan to get out of debt, and more. Much more than a "how to budget" book, the author simply and straightforwardly explains the options available for dealing with money problems, offering both hope and practical advice. I've personally read lots of financial books and manuals, and taken classes in personal finance and educating people about personal finance. This guide covers more alternatives and offers more advice, information and actual useful content than any other single source I've ever come across, including college level classes that lasted an entire semester. The author makes the information available in a helpful and easy to comprehend manner, and unlike some guidebooks you don't need a financial background to decipher it. I would highly recommend this as the "go to" manual for dealing with financial problems and debt.