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Divorcing Couples Manage Debt

Divorcing couples have to make tough financial decisions, not only about how to divide assets, but how to allocate debt. Depreciating real estate values along with the current financial landscape, pose even greater challenges for folks who are separating, particularly when the marital home, once the base of financial security, becomes a liability. Rest assured you are not alone, many folks find themselves in the unfortunate situation of owing more on their home than it’s worth. For some, this is not a problem, but for divorcing couples who want to sell or refinance, it’s complicated. Money Management International hosts a website (www.moneymanagement.org) containing many ideas you can use to reduce spending and manage debt.

Money Management International, formerly Consumer Credit Counseling, is a non-profit organization that has been in business for many years. This service is free. They offer confidential budget, credit and housing counseling. Financial consultants work with you to consolidate and reduce your monthly debt. Their website and services are accessible in English and Spanish. Personal advisors can be reached by calling 1-888-845-5669. Beware of businesses that promise to reduce your debt or make settlement on your behalf that charge for their services. While some of these businesses are legitimate, many are not. It may be a good idea to check with the Better Business Bureau before you spend money on service providers that make promises that are too good to be true!

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Parker Mediation: Massachusetts Family Mediators

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We’re Celebrating 10 Years of Success in 2010!

In honor of this achievement we are asking current and former clients to send us comments about their experience in mediation. We want to hear from you. Log on to our website and contact us. We will kick off our celebration in January 2010 by posting highlights from our customers.

For the past ten years Parker Mediation has developed a competitive advantage in creating well designed divorce settlements. We are driven to ensure that every mediation experience is satisfying. We will listen to your comments, and your suggestions will be our inspiration, to not only act differently, but think differently.

To all our clients, thank you for allowing Parker Mediation to guide you. Helping you to succeed has been our winning strategy.

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