Marketplace Money for Friday, May 17, 2013

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Episode Description 
Debt. Don't let it ruin your life. Even if you feel like you're swimming in student loans or can't get ahead of what you owe to credit card companies, we've got some advice on what to do when you've got a mountain of debt.  One tip: as much as you'd like to, don't hang up when a bill collector calls.  And don't take your personal relationships for granted when money enters the mix. Debt doesn't have to destroy your ties with friends or family. Plus, a special report on why struggling military families opt to do business with risky payday lenders over low-interest government loans.

How to survive severe student loan debt

The new face of debt is young and worried. Student loans affect nearly 15 million Americans under the age of 30 and many debtors are facing tens of thousands of dollars in repayment.
Posted In: student debt, student loan debt, Education, education costs

7 tips on what to do if you're being harassed by a debt collector

What can you do if a debt collector is after you? Take some advice from someone in the industry and know your consumer rights.
Posted In: debt, debt collection

How bad is student loan debt in your state? (map)

The Federal Reserve Bank of New York says the country now owes close to $1 trillion in student loan debts. But in some states, the problem is worse than others.
Posted In: student debt, federal student loans

Playlist: A soundtrack for digging yourself out of debt

From "The Payback" by James Brown to The Smiths' "I Don't Owe You Anything" to "Bills, Bills, Bills" by Destiny's Child, we've compiled a playlist of tunes all about borrowing and lending.
Posted In: debt, Playlist, Music

When borrowing to pay for college, remember the Pilgrims

Paying off student loans can be a long and scary venture. But one way to get a handle on how to make it an affordable experience is to take a tip from the Pilgrims.
Posted In: college, student debt, student loan debt

Money & relationships: When you can't just hug it out

Does debt have to destroy family ties and friendships? Personal finance expert Liz Weston weighs in on whether its a good idea to mix personal finance with personal relationships.
Posted In: relationships, couples and money

What's behind the uptick in consumer spending?

Retail sales rose a tenth of a percent in April. Why are people spending more and are they going back into credit card debit over these purchases?
Posted In: Retail, consumer spending

Why military personnel fall prey to payday lenders

The government provides countless resources to help military families with financial literacy and even offers low interest loans to help them in times of emergency. So, why are many troops opting to take out risky payday loans instead?
Posted In: payday loans, lenders, military, Army

Six things one listener did to ditch $20,000 in debt

Ten years ago, Marketplace Money listener Greg McKenna was over $20K in debt. Today, he's debt free and has a nest egg worth over $100,000. Here's how he did it.
Posted In: retirement savings, recession, debt

Music from this show

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I Wanna Be Rich
Calloway
My Credit Didn't Go Through
Freddie King
The Payback
James Brown
Bills, Bills, Bills (Album Version)
Destiny's Child
Pay It Back (Album Version)
Elvis Costello
Seven Nation Army
The White Stripes
You Owe Me [Explicit]
Nas featuring Ginuwine

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