Phil's Financial Tip of the Day:
Know your options if seeking help with debt
By Christine Dugas, USA TODAY
The national household debt now totals $13.3 trillion, and although millions of Americans are in financial distress, not many are seeking help. Some worry that they'll get ripped off by debt scams. Others don't think they can afford to pay for the advice they need.
For those getting crushed under the weight of what they owe, the key to taking advantage of debt relief is avoiding traps and understanding your options, because not all of them can fix every problem. And you should know about industry reforms. What are the different types of debt relief — and factors you should keep in mind?
To read the complete article by Christine Dugas, USA TODAY
http://www.usatoday.com/money/perfi/credit/story/2011-11-15/debt-relief/51223354/1
Success is how high you bounce when you hit bottom. — George S. Patton
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