Debt Help Information

Anyone interested in emerging from debt may find it difficult to find accurate information from trustworthy sources to help them get on their way to financial freedom. By getting the right information the first time around, consumers may avoid not only lots of time and frustration, but possibly thousands of dollars that could easily be lost to scams.

Federal Trade Commission

The Federal Trade Commission (FTC) website contains useful and accurate information to help those in debt get help. In particular, the article "Knee Deep in Debt" details the different options available for digging yourself out of a bad financial situation. The article also differentiates between different types of debt relief strategies to help consumers avoid being pulled into a scam. The website's articles also contain links directly to government resources so consumers don't spend hours trying to find legitimate information through other means.

Bankrate

Bankrate provides answers to specific questions, including many about debt relief. The articles "The Dangers of Debt Consolidation" and the series called "Debt Management Basics" help to steer consumers toward the right courses of action through advice from professionals in the finance industry. In addition, the website is a useful resource for information on how to build and maintain a healthy financial standing and credit score.

Kiplinger

The personal finance and business forecast website, Kiplinger, also houses many articles related to understanding your debt and managing your money. The writers help to answer tough questions such as whether it makes sense to save while paying down your debt ("Cut Debt Now, Save Later"). Readers also get first-hand accounts from those who have paid off their debt, like in the article, "How I Kicked the Credit Card Habit."

National Foundation for Credit Counseling

You may need information very specific to your situation, and in those cases it's best to get it straight from a credit counselor. The National Federation for Credit Counseling website will direct you to reputable credit counselors in your area. A good credit counselor will not only work with you to create a plan of attack to eliminate your debt, but will also help you to create a budget and identify where you've gone wrong to avoid falling back into financial duress again.