There is a Debt Mangement Crisis In America 
Poor debt management claims more casualties each year that Cancer and Heart Disease combined. No, you probably won't die from it, but your financial death can almost be worse. In my free e course I'll share with you a plan to get debt free with a credit score of 750 plus. If you are in debt crisis, get help from my free e course before giving up control of your finances to a debt management service. You can do this yourself. Sign up on the Home page by just submitting your email address.

How Serious Is The Debt Crisis?
Tens of Millions of good people are suffering slow and steady financial deaths in this country. Becoming overextended is fast replacing baseball as the national sport. We spend with a passion. Is it any wonder that the sale of Pepcid has increased so dramatically in recent years?

In 2005 there were 2,043,535 new personal bankruptcy filings, up 31.6 percent from 1,552,967 in 2004 — meaning that one in every 53 households filed bankruptcy petitions. Each year for more than a decade, with the exception of a slight dip in 2000, the number of filings has increased over the prior year, up 2 ½ times from personal filings in 1994.

How Much Debt Do We Carry?
Credit Cards or revolving credit is the area that is mushrooming. The average family carries $9,000 in total consumer debt, of which $4,000 is carried on an average of 10 credit cards per family.

Since these averages include those of us without any credit card debt at all, a survey of families with at least one credit card revealed an average balance on credit cards alone of $8,562.

These amounts do not include debt that finances real estate, student loans or even automobiles. Ninety-five percent of American families finance one or more autos at an average payment of $375/mo. for 60 months. That raises the consumer debt to $38,000 or more per household, still excluding mortgage debt.

Families that live paycheck to paycheck now total 70%, according to a recent Wall Street Journal article, and the average American is now spending $1.22 for every dollar earned, a private survey reveals.

According to the Federal Reserve, 62% of all American households do not save or don’t save regularly. That leaves most families living in what literally is a financial house of cards…credit cards. One mishap, a missed paycheck, illness or even a small unexpected financial crisis can topple that house.