A Personal Story Of Paying Down Debt

CYBERSPACE - Perhaps nothing better illustrates the extraordinary evolution in consumer attitudes toward debt than the Internet.

Where consumers used to be ashamed to be in debt or, God forbid, bankrupt, today people hang what used to be dirty laundry for all the world to see.

There are numerous websites and blogs in which people talk about their debt levels, spending habits, etc. In at least one case a woman openly requested help in paying off her credit card debt-after running up bills shopping-and was successful in her appeal.

Credit unions may be more reassured by the tale shared at bloggingawaydebt.com, above, where a borrower outlines the slow process of paying down debt.