The Best Debt Forums

by Julie Morse on August 1, 2017 · 2 comments

debt tips, debt forums, debt forums adviceMost Americans are plagued with some kind of debt. According to a report from WalletHub, in this year’s first quarter, the average American household owed $8,038 in credit card debt, which is a six percent increase from 2016’s Q1. In fact, we closed out last year with $89.4 billion in debt. A NerdWallet study found that the country owes $1.1 trillion in mortgage debt, which comes to around $172,806 per household. TransUnion, a credit protection service, estimates that by the end of 2017, the mortgage debt level will rise to $198,435. Student loan is another facet of the debt crisis, and NerdWallet found that education loans have grown 186 percent over the past ten years.

These statistics speak to massive and unmanageable national struggle. Although paying off student loans, credit cards, and mortgages is a constant hardship so many of us share, talking about debt remains a difficult topic of conversation. Here are some forums to check out that encourage an open dialogue on the hardships of debt and how to overcome them.

SavingAdvice Forums. There are thousands of members in the SavingAdvice Debt Forum talking about a whole spectrum of issues — from individual debt problems, to retirement, and budgeting. It’s free to join, and most topics consist of hundreds of threads on advice, anecdotal experience, and inklings of wisdom. At SavingAdvice, it’s easy to search for specific themes and questions, and there’s always a member eager lend a helping hand.

Your Debt Freedom Family. This Facebook group was started by Monic Louie of OurDebtFreeFamily.com, and it provides a safe space to talk about all matters on debt and family.

Frugal Village. Learn the ropes of wrangling debt with your fellow defaulters. The discussions range from managing bills to figuring out credit card forgiveness. The user interface is easy to use, and you can see who is active in which threads at any given moment.

The College Investor. The 44 million Americans paying back their student loans need a space to commiserate. The College Investor provides an outlet for youth and parents alike to swap loan payment tactics and tips. There’s an entire thread devoted to understanding the repayment systems, and which consolidation methods are best.

City-Data. This data organizing organization produces statistics on a myriad of urban living issues — from crime rates to school districts — so you can understand your neighborhood better or plan a move. They also have forums for discussing debt in specific regions and cities, so that you can brainstorm with fellow locals on how to decrease your debt.

Debt Consolidation Care. This is a community for people who are looking for strategic and simple ways to lower their debt. Unlike the other forums, the threads are organized by individualized questions and not by specific topics. There’s also the option to chat with a personal finance expert via phone or online chat.

Read more of our informative articles:

Disease Called Debt

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{ 2 comments… read them below or add one }

1 Mrs. Picky Pincher August 2, 2017 at 9:56 am

Oooh, interesting! I didn’t know these were out there. Just keep in mind that not all the advice on the internet is perfect. Do what’s best for you!

2 Mel @ brokeGIRLrich August 6, 2017 at 9:58 am

What a useful tool!!

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