Do you recommend a program like Dave Ramsey's "Financial Peace" and debt snowballing to get out of debt?

If not, what types of programs do you recommend?

Asked by Katie

4 Answers

Log in or sign up with email
By submitting you agree to our Terms of Service
Answered by Michael Minter, Financial Adviser in Tampa, FL
This a blanket question. Each and every individual situation is different and can apply, or not apply to many individuals, families, and or businesses. There is good reasoning behind this (strategy, philosophy, idea), but it does not apply to all. What does apply to all is our "napkin" (budget), a good simple read, the book I-Plan will outline why this is the foundation to determining which type of strategies will work best towards ones financial freedom and or success. | 10.27.15 @ 19:19
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:30
Answered by Timothy Grieco, Insurance Agent in Glendale, AZ
Hi Katie,

I don't follow unlicensed financial entertainers, so I can't provide you any type of recommendation, Like Micheal said in his answer, it's hard to give you a complete game plan because more information is needed.
| 10.28.15 @ 15:30
Comment 1  
Saving in WI — Katie, Dave's plan works! | 08.22.16 @ 16:39
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:30
Answered by Brenda Robinson, Financial Adviser in Easton, PA
Here is a great inexpensive program, the Youth Financial Literacy Foundation dba United Credit Education Services (“UCES”) with respect to all credit restoration service products. UCES is exempt under the Credit Repair Organization Act (15 U.S.C. §§1679, et. seq.) as a charitable organization which is tax exempt under §501{c)(3) of the Internal Revenue Code, and is not a federal credit repair organization.

The company I work for is a representative for this program, and pursuant to the agreement between FES and UCES, FES also manages the sales force of UCES independent sales representatives. | 10.28.15 @ 16:09
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:30
K
Answered by Katie
To be more specific we are trying to clear all past owed debt off of our credit. We both came out of horrendous marriages that left a lot of debt there. Nothing is current, its all in collections. I know that I can call and pay things off, but I was wondering if there was a better method to pay the madness off.. | 10.28.15 @ 16:27
Comment
Log in or sign up with email
By submitting you agree to our Terms of Service
$commenter.renderDisplayableName() — {comment} | 12.11.16 @ 00:30
Log in or sign up with email
By submitting you agree to our Terms of Service
Free MoneyTips Membership!

Get FREE, full access to MoneyTips.com

Answered by

Related Questions