Welcome everyone. We are off and running.

This blog will act as on open forum in which we will share news, strategies, and information on managing personal debt that has become seemingly unmanageable. There is no limit to information out there on this subject in print and in cyberspace - some good and some disastrous. We will explore and debate the right ways to dig yourself out of debt.

With credit card companies now having the option to double your minimum monthly payments we need to be more diligent than ever in managing our debt. Prior to the new year it was relatively easy to borrow and consolidate debt through either a refinance loan, 2nd mortgage, or home-equity line of credit. This will become increasingly more difficult as the housing market continues its cool down and home equity is no longer accruing at record rates. Additionally, due to the recent reform in personal bankruptcy law this traditional escape route becomes more tricky too.

Thank you for joining us.