A lil under 4 years ago, my husband and I had $36,000 in debt. Yes, you read that right. $36,000. We were so close to declaring bankruptcy.
Instead, we went to Family Means, which is a program funded by United Way in our area. All of our credit cards were shut down, rates adjusted and we began paying them off. Come Februaryish, we'll be completely paid off. (Save our house, cars etc)
So debt management is not always a bad thing. It depends on who is doing it and how committed you are to getting your debt paid off. |