Debt Relief

Credit Management – Getting Out of Debts

Getting out of debts is something many people need help with. They do not want to burden their children with too much debt and they also want to ensure that they are making good on their financial obligations. A debt and credit management course can be the answer to many of these problems. This comprehensive course gives an overview of debt and credit management focusing on concepts from a consumer perspective, using easy-to-understand language, avoiding complicated math, and utilizing clear country examples and illustrations.

The fifth edition of “finding your way through the debt collector’s world” provides helpful tips on how to deal with creditors. In this second edition, Norm Abram, Certified Management Accountant, J.D. pays lip service to the topic but the real meat is in the “uggets” concerning effective debt and credit management. Included in these are several “how-to” guides, sample statements and debt verification forms that help you keep in step with the law, a case study on managing personal finances, and an exhaustive outline of the topic with key sections on prevention, understanding debt, and consolidating debt. These are just a few of the valuable content areas that help make this fifth edition of “finding your way through the debt collector’s world” an excellent choice for any student and professional working towards successful financial management.

Included are seven chapters that include; Debt and Credit Management Goals, Setting Your Objectives, Choosing a Company, Managing Liabilities, Budgeting and Expenses, and Creating an Effective Financial Plan. Included also are two extensive pre-requisites, which are: understanding the Fair Debt Collections Act, and having a basic understanding of the principles of management of money. This book is a great tool for students and professionals who are pursuing a career in debt management, as it provides proven techniques, tips, and strategies that are easy to implement and will help you reach your debt and credit management goals in five days or less.

The next in the “seven days to debt and credit management” series, “Dead Man’s Rule” by Jack Canfield, M.P. includes a review of managing collections accounts. This is an excellent primer that walks a person through the basics of collections, accounts receivable, and collections. As someone who has worked as a collections specialist, I appreciate Canfield’s clear explanations of how to best handle each of these important accounts. The chapter includes practical steps you can take to decrease the amount of time it takes you to pay your bills.

“Settling Accounts Receivable” by David Freed, Ph.D. is a good refresher course for anyone that has been handling account receivables. While the title says “settling accounts,” this book really shows you how to negotiate with creditors and reduce what you owe by up to 50%. Learn the best way to negotiate credit card companies for settlements and the best way to settle for less than you owe.

The last chapter of “The Bankruptcy Free Life” by Alan K. Dobson, R.P. is “Bouncing Back” which covers financial and personal issues that arise from a bankruptcy discharge. A chapter summary of the laws surrounding filing for bankruptcy and a list of resources to become free of debts follows. The purpose of this final chapter is not to frighten people away from bankruptcy, but rather to offer realistic advice about how it works and how one might best approach the process. This is one of the best books available on bankruptcy and offers the best advice available to debt relief professionals.