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Kelly Brantley from Financial Freedom Counseling Service
Our guest coach in this Real Life Case Study is a Dave Ramsey Certified Counselor (that guy in the picture with her) who has been helping individuals, couples, churches, and businesses with their personal finance challenges for over 3 years. You can find more about her at www.DebtFreeWithKelly.com
Today we talk about a couple who have $57,000 in credit card debt and $23,000 in student loan debt. They bring home $4,500 a month but are behind with 8 of the 13 cards and are beginning to worry about being sued. They are now working a MoneyPlan but they keep getting calls from creditors and knocked off-balance by letters in the mail threatening to “take legal action”.
Resources mentioned in this episode:
For a discount on a State-specific will: http://www.uslegalforms.com/dave/
To learn more about rules on debt collection regulations: http://www.FTC.gov
or http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre18.shtm
Also, I was recently on Matt and Janelle Wegner’s podcast “Living In Financial Excellence” (can be found at http://financialexcellence.net/065-financial-excellence-4-steps-to-living-without-credit-cards/)
