Looking for a great deal?
Get ALL THREE of our new thank-you gifts when you donate $120.
This is a limited time offer – so act soon!
Question: I owe about $35,000 in credit card debit. I have been able to make minimum payments but am not left with enough money to live on so I keep using the cards. There are all kinds of companies wanted to help but I am leery of them. Where is the best place to go? Martha, Stockton Springs, ME
Answer: You’re right to be wary. Sad to say, there are a lot of fly-by-night outfits and worse taking advantage of people in debt trouble.
I would check out this segment of the Getting Personal archives. We’ve gathered together a number of posts on credit counseling.
For a DIY approach to getting out of debt I like Reduce Debt, Reduce Stress, by Gerri Detweiler, Nancy Castelman and Marc Eisenson. It offers a wealth of practical suggestions.
For credit counseling advice in person or on the Internet, I’d check out the National Foundation for Credit Counseling. It’s the largest and the oldest of the national nonprofit credit counseling services. You can find a branch nearest to you on their website. You could also work with a branch that offers Internet consulting around the country, such as the Consumer Credit Counseling Service of San Francisco.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.