Video installment of the financial series Pay Day from the Pentagon's Around The Services program. Dave Ramsey discusses the danger of "quick loans."
Originally broadcast 13 March 2009.
The Truth About Getting Debt Help Myth: I can get quick debt help over the phone or Internet. Truth: True debt help is not quick or easy. It starts in the mirror with you. Where do most people go for debt help? Most people try credit repair companies, debt consolidation, debt management, or bankruptcy. Companies touting quick, pain-free fixes...
The Truth About Debt Management Myth: The debt management companies on TV, like AmeriDebt, will save me. Truth: You may get out of debt...but only with your credit trashed. Debt management companies are springing up everywhere. These companies help "manage" your debt by taking one monthly payment from you and distributing the money among your creditors, with whom they've...
The Truth About Debt Consolidation Myth: Debt consolidation saves interest, and you have one smaller payment. Truth: Debt consolidation is dangerous because you treat only the symptom. Debt consolidation is nothing more than a "con" because you think you've done something about the debt problem. The debt is still there, as are the habits that caused it - you...
Regardless of age many consumers are guilty of committing financial suicide. For some people juggling bills and robbing Peter to pay Paul is a vicious and endless cycle. The average American lives ten percent beyond their means. For the individual who lives beyond their means, managing finances with the aid of debt consolidation may be the only solution. Over the...
Many Christians feel uncomfortable with the notion of being in debt, and even more so when the debt has gotten out of control. Some say that it is not acceptable for Christians to owe any money, even for such necessities as a home. Others feel that such debts are acceptable as long as debt does not place a burden on...
These five debt negotiation facts along with a few debt reduction planning tools gives you the ability to control your own debt. For many people today credit card debt is a mounting problem and very few know how to successfully negotiate debt settlements. If you want to learn how to successfully negotiate with your creditors, follow the five debt negotiation...
Owing a debt does not automatically subject you to harrassing, threatening and other inappropriate collection agency behavior. Some collection agencies go too far with what I call "renegade collectors" they will repeatedly call you at your home and/or business, threaten to send a marshall over to serve you with lawsuit papers or send intimidating letters, appearing to come from an...