I have recently had the privilege of watching the documentary In Debt We Trust by filmmaker Danny Schechter.  The film is different than Maxed Out in that it takes an in-depth look at the credit-lending scene.  It touches briefly on collectors but discusses credit cards, predatory lending, cash advance/payday lenders and more.  The filmmaker also queries users to ask the question if the next bubble to burst is going to be the credit industry, much like the mortgage industry is going through woes (as a result of the subprime/predatory mortgage lending market).  He didn’t present this concept in a doom and gloom the sky-is-falling way but instead as a question that consumers must ask themselves.
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The time is quickly approaching for the 2008 Economic Stimulus Payments to be processed.  Tomorrow is tax day and the deadline to file your 2007 Income Tax.  Even those individuals who wouldn’t usually file a tax return (some disabled individuals, veterans, etc) need to be sure to file for 2007 as the 2008 Economic Stimulus Payments will only be sent to individuals who filed a 2007 Income Tax return. 

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Welcome to 6FiguresNBroke.com - that stands for “six figures and broke.”  I am a stay-at-home-mom to two young children and my husband is an engineer-type who earns a six figure income, annually.  We have mountains of debt and have vowed to make a lifestyle change - stop spending and start getting serious about paying down this debt.  Thankfully we are not in dire straits.  We have a fixed-rate home mortgage with a great interest rate, a fantastic interest rate on our car loan and credit cards, and both have good credit scores.  However, we have realized that we need to stop the financial bleeding and start getting serious about getting out of debt.  Once we’re out of debt then it will be even easier to plan for the future.
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