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A Great Article About Paying Off Debt

by Erik Folgate

Free Money Finance posted this article about a guy who chose to be homeless and live out of his truck while trying to pay off his debt! Now that takes dedication. Read the article. It’s a good one, and it might inspire you to make a sacrifice today in order to help pay off your debt.

Categories: Credit and Debt


Erik and his wife, Lindzee, live in Orlando, Florida with a baby boy on the way. Erik works as an account manager for a marketing company, and considers counseling friends, family and the readers of Money Crashers his personal ministry to others. Erik became passionate about personal finance and helping others make wise financial decisions after racking up over $20k in credit card and student loan debt within the first two years of college. Another one of Erik's projects is the site, Stuff We Google.

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Comments

  • Mark Bateman

    That an interesting article. In the UK debt is a massive story with bank charges being the hot topic. You know the story – not enough funds for the payment so a hefty bank charge – further in debt so of course another bank charge… and so on… The point is banks have no interest in supporting those with financial difficulties but it has now become apparent that only a small admin fee is legal to charge the customer, meaning 100′s of thousands are claiming up to 6 years worth of bad bank charges. This will go a long way for some in helping their debt problems.

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