Struggling with debt? Get realistic help that's actually useful, from Liz Weston, one of the most popular and respected personal finance experts! Today, people struggling with debt have far fewer options: lenders are stingier, which makes it harder to avert disaster, or to recover from setbacks like foreclosure, short sales, or bankruptcy. (Meanwhile, people with good credit have more options than ever, including some of the lowest interest rates in decades.) You need an up-to-date guide that can help you assess options, find help, discover opportunities, and take action that works. Liz Weston's Deal with Your Debt, Updated and Revised Edition is that guide. Weston reveals why most "conventional wisdom" about debt is just dead wrong. For most people, it's simply impractical to pay off every dime of debt, and live forever debt free. In fact, doing that can leave you a lot poorer in the long run. You're more likely to give up, or pay off the wrong debts. You could leave yourself too little flexibility to survive a financial crisis. You could neglect saving for retirement. You might even wind up in bankruptcy -- just what you're trying to avoid! For most people, it's smarter to control and manage debt effectively. In this extensively updated guide, Weston shows how to do that. You'll learn which debts can actually help build wealth over time, and which are simply toxic. You'll find up-to-date, real-world strategies for assessing and paying off debt, money-saving insights on which debts to tackle first, and crucial information about everything from debt consolidation loans to credit scores and credit counseling. Weston offers practical guidelines for assessing how much debt is safe -- and compassionate, realistic guidance if you've gone beyond the safety zone. If you've ever worried about debt, you'll find the new edition of Deal with Your Debt absolutely indispensable.
Table of Contents
- Title Page
- Copyright Page
- Praise for the First Edition of Deal with Your Debt
- Dedication Page
- About the Author
- 1. Isn’t Debt-Free the Way to Be?
- 2. Your Debt Management Plan
- 3. Credit Cards
- Myth #1: It’s a Good (or Lousy) Time to Buy a Home
- Myth #2: A House Is a Great Investment
- Myth #3: Buying Is Always Better Than Renting
- Myth #4: Homeownership Comes with Great Tax Breaks
- The Right Reasons to Buy
- How Much House Should I Buy?
- What Kind of Mortgage Should I Get?
- How Do I Get a Good Mortgage Deal?
- When and How Should I Refinance?
- When Should I Prepay a Mortgage?
- 5. Home Equity Borrowing
- 6. Student Loans
- 7. Auto Loans
- 8. 401(k) and Other Retirement Plan Loans
- 9. Loans You Don’t Want to Get—or Give
- 10. Dealing with a Debt Crisis
- 11. Putting Your Debt Management Plan into Action
- FT Press
- Title: Deal with Your Debt: Free Yourself from What You Owe, Updated and Revised
- Release date: February 2013
- Publisher(s): PH Professional Business
- ISBN: 9780133249293