December 19, 2006

Shameless Plug: Another Move-In Debtor Could Use The Help Provided Here

Filed under: General, Money Tip of the Day — TBlumer @ 6:08 pm
cymnow

Monday’s USA Today covers a Twentysomething Boomeranger:

‘Buried’ in debt, can he dig out?

Two years after graduating with a degree in theater from St. Lawrence University in Canton, N.Y., (Todd) Townsend, 25, finds himself loaded with student debt and working at a job that doesn’t pay enough to make the payments.

He earns $10.50 an hour as a concierge for a lodge in the Lake Placid, N.Y., area. His student debt totals $47,000.

….. Like thousands of young people, he retreated to safety: Mom’s house. In fact, 19% of the twentysomethings polled recently by USA TODAY said they had moved back with their parents.

The article also links to calculators that answer a series of questions, including these:
– What will it take to pay off my line of credit?
– Should I consolidate my debts?
– What’s it worth to reduce my spending?

All can be answered at CYMnow.com, and comprehensively. Luckily, you or a loved one doesn’t have to be facing the difficulties Todd Townsend faces to be able to benefit.

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