Book Review: A SURVIVAL GUIDE TO DEBT

A Survival Guide to Debt

A SURVIVAL GUIDE TO DEBT 
Author: Mitchell Allen
ISBN-13:  9781929774708
Topic:  Business & Economics – Personal Finance
Format:  Paperback
Language:  English
Publication Year:  2009

Review:

Bankruptcy, foreclosure and high credit card debt are all too common today.  But it's not the end of the world. Author of "A Survival Guide to Debt." Mitchell Allen, takes the reader through the three parts of his book in an easy to read and easy to enact way.  He writes clearly and the book is a fast read.  I recommend reading all of it and then going back to study the sections that you need help on and make your list to take action and begin to solve your financial problems.

Part I, "When the Wolf is at the Door," Mitchell explains what to do when the creditors call. How to respond to payment demands, what to say and when to say it. He reviews the "Cease-and-desist" letter. Mitchell provides good tools for the reader to work with like the worksheet for your Assets and Liabilities. Their are several recommendations on where to go for and how to get professional help. Don't get overwhelmed, take action.  Mitchell suggests places to go to get help. There is also a section on debtors legal rights and explanation of credit scores and a sample of a "Credit Dispute" letter.

Part II "Bankruptcy," Mitchell presents a complete tutorial on what, when, and how to file bankruptcy. He devotes the whole of part II to this very important aspect of the debt dilemma. He even goes as far as to give you the website for the U.S. Bankruptcy Code, so that you may be a well educated individual if you opt to go this route.

Part III "Rebuilding process,". Mitchell reviews how to rebuild after a bankruptcy. He provides tips and suggestions on "Personality, Attitude and Money" along with such things as how to rebuild your credit score.  He is right on when supplying "what to watch out for in the way of credit and credit cards." Mitchell concludes his highly informative text with pages of helpful websites; where you can go and find all the answers to most all the questions that you would want answers too.

Mitchell Allen's survival guide is well written and well presented.  The author makes the information available in a helpful and easy to comprehend manner, and unlike some guidebooks you don't need a financial background to decipher it. I would highly recommend this as the "go to" manual for dealing with financial problems and debt.

About the Author

Mitchell L. Allen is the founder, president, and chairman of Debt Education and Certification Foundation (www.debt-foundation.org), a leading provider of personal debt management courses. Courses he helped develop have been used in over 200,000 counseling sessions, and he has personally conducted more than 1,000 interviews with individuals in financial crisis.

Mitchell previously worked for Citigroup and The Associates Financial Corporation as senior director of modeling, where he led a team of economists and statisticians in developing statistical models to predict response, risk, and fraud within various private label credit card portfolios.

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