John Leland writes for the New York Times about several blogs that help consumers work their way out of credit card debt - by talking about it online. The blogs include BloggingAwayDebt.com, Poorer Than You!, and We're in Debt.
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When I was over $200,000 in credit card debt I didn't know how to blog yet, but I'm a writer, so I wrote a book about my experiences negotiating settlements, eventually bringing my credit card debt down to only $30,000 in six months and saving over $100,000 in written off debt. IN 2007, I put $212,000 on credit for a business venture that didn't return the investment in this failing economy. I was paying nearly $4000 a month in interest, burning through savings and looking at destitution. I wasn't interested in the companies that wanted to make me think I needed them to settle my debt and charge me for it, so I jumped in myself. I've written a book that describes the entire process of going up against six, major U.S. banks and winning! It's called "The Do-It-Yourself Bailout." You can check it out at my website, http://www.thedoityourselfbailout.com, and ask me questions on my blog there. Kenny Golde
Posted by: Kenny Golde | February 01, 2009 at 11:16 PM
Credit card debts pressurize people more today. With the increased basic needs, people expend money by getting loans. This blog is useful and highly informative!
Posted by: Manny Dissman | April 16, 2010 at 04:08 AM