Debt Triage – First Stop the Bleeding

In an emergency room, patients are treated based upon the urgency of their need for care.
If you are reading this and you are living pay-check to paycheck, and/or you have past due bills, or are just trying to stay on top of all the debt you have accumulated, you have a debt emergency.
The very first step for anyone in your circumstances will be to “triage your debt”. What do I mean by “triaging” your debt? It is this – Before you can dive in and begin working a system of overall debt repayment and savings, you have to first start with vital matters.

Don't Be An Ostrich – You Can't Hide From Your Debt

The first step in getting out of debt is to assess your situation. Over the years, working with hundreds of bankruptcy clients, I have seen over and over what I call the “Ostrich Syndrome”.  The enormity a clients debt situation is so hard to face they instead ignore it. 

Hidden Debt – Shining a Light on Debt Shame

We live in America.  This is the “Land of the Free”.  This is where dreams come true and anyone can make it.  Others risk their lives to live here in pursuit of their dream.  So, what does that mean for those of us who have or who ARE struggling?  Who are burdened by our debt?  In our minds, right or wrong, we are failures.  We have fallen short.  There is something in us that is deficient.  And all of that brings us shame.  Failure – shame.  OUCH.