Definition: Personal Debt Management

Personal debt management; check your credit

At least once each year, and before making any major purchase, you should perform a credit check-up. This check-up provides an excellent opportunity to manage your personal debt management and check for errors. The names and e-mail addresses of the three primary credit reporting agencies are: Experian www.experian.com, Equifax www.equifax.com, Trans Union www.transunion.com. You can also obtain a copy of your reports from Money Management International, your premier source for personal debt management advice.

Personal debt management; improve your standing

Personal debt management is needed now more than ever. Consumer debt is now nearly $2 trillion, according to the Federal Reserve. That equals more than $18,000 per household, not including mortgages. If part of your monthly income is going toward debt payments, paying it off is a great way to improve your financial standing.

Source: Money Management International