Your Wallet: Are you deep in debt? What’s your escape plan?
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Last week we asked you for your escape plan. Many of you wrote in.
About five years ago, Gabriela Aranda applied for a job with the federal Government. And they wanted to hire her. When they ran a background check, there was a problem. She had more than 95 thousand dollars in debt. Her prospective bosses struck a deal with Aranda: Start paying off your debt, you’re hired.
McAdams recently led NerdWallet’s “Financial Makeover Contest” in which we helped create a financial plan for real consumers to help them reduce their debt.