Debt Management. Surendra P. Singh Professor Agribusiness Tennessee State University Nashville, TN 37209 September 11, 2008. Debt. Debt: something owed, an obligation to pay or render something to another. Myth: debt is a tool and should be used to help create prosperity.
Surendra P. Singh
Tennessee State University
Nashville, TN 37209
September 11, 2008
Traditional mortgages will consider your credit trashed.
Real debt help is found only in changing your behavior.
True debt management is about controlling your money.
With Determination, will, discipline, courage can be overcome.
78% baby boomers have mortgage debt
59% have credit cards
56% have car payments
Contact your bank to stop payment if you are making your DMP payments through automatic withdrawal
Start paying your bills directly to your creditors