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- January 29, 2009: Perfect Storm Creates Economic Condition
- January 29, 2009: The Truth About Real Wealth
- January 29, 2009: Hierarchy of Debt
- January 28, 2009: New Film Exposes Truths about Credit Education
- January 28, 2009: Unique Service Helps Reduce Credit Card Debt
- October 23, 2008: Credit Crisis Will Pass
- September 30, 2008: Let Financial Institutions Fail
- September 26, 2008: Discover a Brighter Campaign
- September 26, 2008: Trying To Understnd The Current Bailout?
- September 8, 2008: What The Rescue Means To Mortgages
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Hierarchy of Debt
All debts are not equal. And if you are ever caught with more debt than income, you need to make some choices. These are the recommended priorities.
- Utilities
- Child Support
- Car Payment
- Secured Debt
- Unpaid Taxes
- Food
- Unsecured Debt
- Other Bills and Needs
Rent/Mortgage
You can find an elaboration of the above at my artcle of the same name Hierarchy of Debt along with a process for managing the debt.