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The Complete Idiot's Guide to Getting Out of Debt by Ken Clark

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Chapter 17
Strategies That Can Backfire

In This Chapter

◆ Three questions about any strategy
◆ 401(k) loans: easy access to a bad choice
◆ Signing away your life with debt consolidation
◆ No love for some debt settlements
◆ Don’t mix family and finances
 
There comes a point when you’re dealing with debt where you feel like you just can’t take it anymore. It feels like another week of phone calls by angry lenders, surprise expenses, and disappointing paychecks will pretty much drive you to the brink of insanity. Those are the weeks when it’s easy to grab for the most convenient and immediate solution, without really caring if it is the best for you in the long run.
Sometimes, the strategies you choose hastily end up robbing your future financial ...

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