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What we've seen the effects of the recession.
On the markets is you just seen an American business our next guest says 80% of Americans cite the economy is a source of significant stress.
So how can you deal with all of us here to tell us -- was.
Is Jerry debt -- she is author of a brand new book called reduce debt reduce stress so Gerri let's get right to it.
The do's and don'ts of debt settlement.
What do you do what don't you do.
-- debt settlement is for someone who cannot afford to pay their bills that can't go through credit counseling -- too much.
And they need to negotiate of their creditors here's the thing with debt settlement yet to be very very careful here because you'll have to stop paying your bills.
Fall behind deal the calls and creditors and then negotiate reduced pay off.
Some debt settlement companies are charging outrageously large upfront fees and that doesn't leave your money the faculty have to choose very carefully but if you can't -- -- there is a way.
Either way credit report for -- go to how to pay them credit report sometimes have bad information about my credit wonder why do to change them.
Yet the most important -- to see your credit report make sure it's accurate and that there's anything wrong to dispute it right away.
Once something hits your credit report obviously your credit score is gonna drop -- let's say you're from bill collector.
You don't know the debt you want to work it out as quickly you can and to avoid that -- right.
Finally we got to wrap it up quickly talking to your kids about financial problems the my dad.
Was desperately poor during the depression but he felt neither desperate nor war because his folks never talked about it is it better not.
To bring your kids into this discussion.
-- there's a good chance your kids -- knowing they are hearing more than you think they are so it is important to reassure them that even -- times are tough even know we have to make changes we love each other we're gonna stick together we're gonna get through this together.
Don't think they don't know because they may -- -- don't.
Be dramatic about approach because again the depression was much worse my father never felt that even though his father was -- selling Apple's Jerry debt -- Thank you very much for.
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