A Survival Guide To Debt
How To Overcome Tough Times & Restore Your Financial Health
By: Mitchell Allen
Published: August 2009
Format: Paperback, 288 pages
ISBN: 978-1-929774-70-8
Publisher: Greenleaf Book Group
"No matter how bad things are for you right now, don't lose heart", writes debt management counselor and President of Debt Education and Certification Foundation Michell Allen, in his practical and easy to understand guide for taking control of debt A Survival Guide To Debt: How To Overcome Tough Times & Restore Your Financial Health. The author describes the causes of debt problems, how to solve them, and shares solid advice for avoiding reentering the debt trap.
Mitchell Allen is an experienced debt counselor, and understands well how and why people become indebted beyond their means. Instead of placing all of the blame on the person experiencing debt problems, he provides a balanced view of how many factors can cause a personal debt crisis. The author doesn't take the judgmental position that many guides to getting out debt exhibit. Instead, Mitchell Allen demonstrates that debt problems can happen to anyone at any time. Because of that uncertainty, the book contains important sections on recognizing the warning signs of debt problems early, and how to remove the burden of debt either alone or with the assistance of a debt counselor.
Mitchell Allen (photo left) recognizes that there are many ways to reduce, and eventually eliminate all personal debt. Instead of stressing a one solution for all cases single mindedness, the author provides for several ways to end a debt problem. The book has an important section about knowing and understanding your rights when faced by creditors. This information can prevent making a potentially disastrous decision that can derail the debt removal plan. The book's open and honest chapters about personal bankruptcy present it as one of many options. The book isn't just about declaring bankruptcy, but focuses on getting out of debt, taking stock of one;s own personal finances, and then staying out of debt permanently. The author also recognizes that there are valid uses for debt, and explains how to use indebtedness responsibly.
For me, the power of the book is Mitchell Allen's comprehensive approach to understanding the root causes of debt, and how to not only get out debt, but how to remove the specter of debt permanently from one's life. The author takes an even handed approach to debt, with the goal of recognizing a problem, and then developing a workable solution. The sections of the book that discuss the rights of the debtor and creditor, as well as the important chapters on bankruptcy are especially good. The book also contains an important section on staying out of debt. The chapters on assessing one's own personality and attitude toward debt, along with establishing a clear picture of the household personal finances, are very helpful. Once the personal financial situation and goals are established, a strong financial plan that includes a saving plan, can be put into place.
I highly recommend the essential guide to getting out and staying out of debt A Survival Guide To Debt: How To Overcome Tough Times & Restore Your Financial Health by Mithcell Allen, to anyone who is experiencing the dark cloud of debt overhanging their lives. This book will provide the road map to removing that burden of debt, regardless of its cause, and help to establish a stronger financial base for you and your family.
Read the must read book A Survival Guide To Debt: How To Overcome Tough Times & Restore Your Financial Health by Mitchell Allen, and take control of your personal finances. Instead of being trapped on the debt treadmill, this book will empower you to regain your financial help, and move forward to a much stronger and more rewarding financial future.
