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Debt is Bad, Mmkay

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MSN Money – 5 tales from debt hell – Manage Debt

Five individual readers of MSN Money Central are singled out in this article for asking the tough questions. They’ve made mistakes, and the author gives them some of the sympathy they deserve. The stories “from debt hell” include co-signing a loan with a relative, overusing credit card balance transfer offers, not considering the value of education loans, choosing the wrong credit counselor and filing for bankruptcy. Of course, none of these are inherently mistakes, but sometimes something goes wrong. Liz, the author, provides some suggestions on how to survive the worst in these situations.

Updated February 6, 2012 and originally published January 8, 2004. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.

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About the author

Luke Landes is the founder of Consumerism Commentary. He has been blogging and writing for the internet since 1995 and has been building online communities since 1991. Find out more about Luke Landes and follow him on Twitter. View all articles by .