For the second time, we are proud to be the host for this week’s carnival of debt reduction.  This carnival is all about reducing your debt, so articles that were off topic and did not follow the submission guidelines may have been left out.

If you are looking for debt reduction help, have a look at the fantastic articles from these very talented personal finance bloggers.  You’ll find inspirational personal stories of debt, as well as some great tips on how to create your own debt reduction plan from people who have already done it on their own.

Here are the best submissions from this week’s carnival. (more…)

Hundreds of thousands of people around the world struggle with credit card debt and are trying to find a path to become debt free.  While some have the ability to pay off debt on their own, many others understandably need a little bit of help.  According to personal finance “expert” Dave Ramsey, people who seek debt reduction help are wrong and lazy!

When I first read Ramsey’s comments, I was furious.  In my opinion, his remarks were offensive, belittling, and even ignorant.  Ramsey’s commentary likely discourages many people who do need help from ever seeking it, perhaps causing many to give up and continue living the debt trap. (more…)

For those of you looking to get credit card relief, you’ve come to the right place.  Today, we are pointing you to several resources around the web that can help you on your journey to get relief from your debt.  Have a look at these, and of course be sure to look around the entire site here as it is your number one source for getting out of debt!

Over at the Digerati Life, a great guest post talks about getting a financial education when you did not receive one in school or when you were younger.  This brings up a very interesting point, as almost no one receives the financial education they need while growing up.  Maybe that’s why the economy is where it is today…

At Get Rich Slowly, the writers continue to pump out great articles on personal finance and debt.  Check out this article about how to use money as a tool.  This will help you get a new perspective on how money can help you rather than being spent and thrown away frivolously. (more…)

If you are carrying credit card balances and other unsecured debt, one possible solution to reduce debt is consolidation.  But you might not realize that you can consolidate your credit cards and other debt with several different methods.

Another important thing to realize is that the best option for someone else may not be best for you.  This can all be incredibly confusing, so today I am going to try to break down your debt consolidation options and outline the pros and cons of each.

Your own financial situation will determine what options you have available.  If you have very good credit, the first few options may be possible for you.  If your credit needs a lot of work, check out the options towards the end of the article to see how you may be able to consolidate your credit cards. (more…)

The biggest problem for many people who find themselves hoping to reduce debt is often simply getting started.  It’s all too easy to look at the amount of debt you are in and be overwhelmed!  What you need is a debt reduction plan that will work for you.

The problem with most debt reduction companies and services is that they want to give everyone one the exact same program: the one that they are selling.  Instead of helping you find the right plan for you, they try to convince you to enroll in their service whether it helps you or not.  In some cases, it may even get you further into debt trouble! (more…)