Dec 17 2008
How to Get Out of Debt Stay Out of Debt and Live Prosperously Based on the Proven Principles and Techniques of Debtors Anonymous
With up-to-the-minute information . . . And an all-new preface by the author!
Out of the red . . .
• Do this month’s bills pile up before you’ve paid last month’s?
• Do you regularly receive past-due notices?
• Do you get letters threatening legal action if immediate payment is not made?
• Do the total amounts of your revolving charge accounts keep rising?
Into the black . . .
Whether you are currently in debt or fear you’re falling into debt, you are not alone. Sixty million Americans–from doctors to secretaries, from executives to the unemployed–face the same problem and live under the same daily stress. Based on the proven techniques of the national Debtors Anonymous program, here is the first complete, step-by-step guide to getting out of debt once and for all. You’ll learn:
• How to recognize the warning signs of serious debt
• How to negotiate with angry creditors, collection agencies, and the IRS
• How to design a realistic and painless pay-back schedule
• How to identify your spending blind spots
• How to cope with the anxiety and daily pressures of owing money
• Plus the three cardinal rules for staying out of debt forever, and much more!
This book is neither sponsored nor endorsed by Debtors Anonymous. A recovered debtor, the author is intimately familiar with the success of the Debtors Anonymous program.
User Ratings and Reviews
5 Stars It’s Great!!
This book is GREAT!! I personally LOVE the way it is written..with the wording as a “recovery program” would have…Reminding yourself everyday of certain things. Along with that, the principles make sense, and as the author says – they have worked for many others. I read a few of the “bad” reviews, and it seems those people have others who they follow for their advice. That’s fine, but this book and this author work for me, and i enjoy the way it’s written and the steps and beliefs. It’s not an expensive book, so i say if you have debt problems, or spending problems, pick this book up and read it!
5 Stars best of it’s kind
This is the best guide to managing money and debt I’ve read.
A few days after reading the book, I have a whole new grasp of how to get out of debt and stay out. Though I am not in serious debt, the whole money management advice is enlightening. This book should be required reading for all and should be given out in high schools.
4 Stars Great, but would love to see an updated edition
While I thought this book was fantastic for those who have a problem with deprivation, debt, or compulsive spending and is a great introduction to Debtors Anonymous, I think several of the ideas at its foundation are no longer applicable.
Mundis stresses that not paying your bills for 30 days or not making the minimum payment on your bills doesn’t really matter if you no longer intend to debt. Who cares if you ruin your credit score if you don’t use credit anymore, right? Maybe that was the case in the 1970s, but now credit scores are used for almost everything. Your credit score will affect your life even if you never borrow another dime.
Your credit record is pulled when you rent an apartment, sign up for utilities (electric, water, etc.), apply for an insurance policy, apply for a checking or savings account, or even apply for a job. True, you can still rent from a landlord who does not check credit and includes utilities with the rent. You may be able to find a job at a place that doesn’t check credit. You may be able to pay a large deposit to get an apartment or utilities with poor credit. But more likely, you’ll end up in an overpriced slum, severely limit your job prospects, and lose 30% of your paycheck because you have to cash it at a checking cashing store rather than your bank.
I would be interested to see what sort of modifications, if any, would be included in the program given the fact that credit truly affects nearly every aspect of life now – not just the ability to debt.
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