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  • Debt Basics**

    With today's increasing debt levels, understanding debt is more important than ever.

    When used and managed carefully, debt enables you to:

    • Build a credit history;

    • Buy a house;

    • Send yourself or your kids to school; and

    • Track and manage your spending.

    Some debt, specifically your home mortgage, even lets you to reduce your income tax. Understanding debt and using it wisely can help create a better, more fulfilling life for you and your family and can steer you toward a more stable future.

    However, for Americans who struggle with debt, the financial future feels uncertain at best. It's overwhelming, it's nerve-racking, and it's difficult to know how or where to begin to get back on the right track.

    If you are one of those Americans in debt, you can follow this step-by-step guide to getting out of debt.

  • 10 Smart Steps for Tackling Your Debt

    It takes commitment and consistency, but the rewards are worth it…

  • Rewards of Getting Out of Debt

    As you work toward your goal, increasingly, you'll be able to plan, save for the future…

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Related Web Sites

  • Click to view third party site disclosureAnnual Credit Report Request Service
  • Click to view third party site disclosureBoard of Governors of the Federal Reserve System: Personal financial education information
  • Click to view third party site disclosureNational Foundation for Credit Counseling (NFCC): Advice, information, and local resources for consumers. www.nfcc.org and www.debtadvice.org (includes local NFCC agency locator)

National Credit Bureaus

  • Click to view third party site disclosureEquifax 1-800-685-1111; www.equifax.com
  • Click to view third party site disclosureExperian 1-888-397-3742; www.experian.com
  • Click to view third party site disclosureTransUnion 1-800-888-4213; www.transunion.com

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  • Click to view third party site disclosureFinancial Literacy & Education Summit 2007

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