Summary: Creating a Financial Disaster Plan - Howard Dayton and Steve Moore discuss how to be prepared for the worst in order to be set up for success in case of natural disaster. They use lessons learned from Proverbs 22:3, and from Joseph, who stored provisions during seven years of plenty so that Egypt would have an abundance during the next seven years of famine. Next, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about What creditors can do to persuade a borrower to settle a credit card debt (Howard mentions the Fair Debt Collection Practices Act. Read the law here. Read the Debt Collection FAQ from the FTC here. Learn more on Wikipedia here. Howard also mentions debt settlement help available through CredAbility.org), How to know when to replace you used car rather than to make yet another repair, How to raise your credit score ( Howard encourages you to check your three credit reports for free each year by going to annualcreditreport.com), Whether there is a rule of thumb as to how much to save for retirement, And what a child should do with the money earned from a job. Remember that you can maximize your commute time each day with Audiobooks from Compass. Thanks for your prayers and generous financial support that help keep this program on the air!
