Chapter 5. What should be my last resort for debt relief?
At the Pennsylvania State University Financial Literacy Center, we recommend prevention as the best antidote to falling into debt.
How to
Our center advises you to adopt a budget, know your needs from your wants and always strategize to maintain your financial security and freedom. But if you find yourself in a situation that can't be remedied with good financial behavior, you will need to seek professional help and find a debt management program that works for you.
Below is a list of the best debt management programs according to various consumer reviews:
- National Debt Relief: https://www.nationaldebtrelief.com/ Links to an external site.
- Curadebt: http://www.curadebt.com/ Links to an external site.
- CareOne Debt Relief Services: http://www.careonecredit.com/ Links to an external site.
- American Debt Enders: http://americandebtenders.com/ Links to an external site. Links to an external site.
- Savvy Money: https://www.savvymoney.com/ Links to an external site.
- Franklin Debt Relief: http://www.franklindebtrelief.com/ Links to an external site.
- Debt Consolidation Care: https://www.debtconsolidationcare.com/ Links to an external site.
- Fast Track Debt Relief: http://www.fasttrackdebtrelief.com/ Links to an external site.
Always check with your community, bank institutions, and financial advisers regarding the best debt relief program for your situation. Do not take the easy way out. It is your responsibility to maintain your citizenship good character and satisfy your financial obligation.
Practice
Now that you know the last resort for debt relief, think of paying it forward and discuss those options with a friend or a family member.
Congratulations! Now Test your knowledge about Debt management!
Would you like to review again? You can start over at Introduction.
To review the full module on Debt management, click here.
The Penn State Sokolov-Miller Family Financial and Life Skills Center hopes you have enjoyed this module in the MoneyCounts: A Penn State Financial Literacy Series. Please tell us how we can serve you better, leave us feedback, ask a question, or request additional information at: finlit@psu.edu