May 22, 2009

Miss M was facing this:

$20,500 on credit card

$1,800 to Thomasville furniture

$5,500 student loan

$28,000 car loan

$340,000 mortgage

That's a sobering amount of debt, in fact the total minimum payment for all that debt is nearly $3000 a month. Focusing on monthly payments is one way people hide from their debt problem. It didn't work in my case, my minimum payments alone were more than most people make in a month. Now it is your turn.

How did she escape? Read about her strategy here:

Part 1

Part 2

Part 3

Part 4

Part 5