Because we live in a credit culture, it stands to reason that we must also reside in a debt culture. This is necessarily so, for if you've used credit to buy, then by definition you are in debt. But it isn't simple debt that causes many a sleepless night among so many people – it's excess debt. Not being able to manage debt – which is just an extension of not being able to manage one's personal finances – is a major cause (through stress) of many health as well as marital difficulties. It's therefore important to learn how to effectively control your debt; and if it's already out of your control, what you can do to survive the situation.

The information of this section will discuss many facets of debt management and settlement, from recognizing the warning signs of too much debt to negotiating with creditors and, if necessary, handling bankruptcy. Although it is certainly hoped that you'll never need to take such drastic financial steps, if you do find yourself in such a circumstance, you'll be much better equipped to cope with it by having good information concerning your legal rights, responsibilities and options. Implement the strategies you find herein; they'll help you to handle your debt much more efficiently. You'll be glad you did.

Empower yourself with Debt-free living. Reduce your credit card debt by up to 50%.