Americans owe more than $1.1 trillion in credit card debt—and a good portion of that is because too many of us are using plastic to pay for basic necessities like rent and food. But no matter where your debt comes from, one thing's for sure. It's stressful. According to one survey, more than half of U.S. adults with debt say they feel stressed because of it.

So what can you do if you're feeling overwhelmed? Consumer attorney and debt relief expert Leslie Tayne is here to save the day. She specializes in law-based debt solutions and today she's going to help us with the steps to take when we're feeling overwhelmed by debt.

You can download the episode wherever you get your podcasts:
Listen on Apple Podcasts
Listen on YouTube Music (formerly Google Podcasts)
Listen on Spotify

Don't forget to check out our podcast page for more episodes designed to help you make the most of your money.

Are you overwhelmed by your finances?

It's not uncommon to feel overwhelmed by your debt. In fact, in this episode, we mention how Miranda made a mistake that destroyed her credit, even though she knew better. Stacy also talks about getting a handle on debt in his book Life or Debt.

We also look at some of the signs that your finances might be heading off track with signs such as:
Living paycheck to paycheck
Having more bad debt vs. good debt
Difficulty creating and sticking to a budget that works

The good news is that you don't have to remain overwhelmed by your finances. And it doesn't mean you have to move or sell your car or take other steps that might not actually be helpful.

Considerations when getting out of debt

Our guest, Leslie, points out that no one method works for everyone. Some of the tips Leslie offers include:
Try to detach from emotion as much as possible
Look at your current finances, including whether you have a variable income
Find ways to develop new habits and model better behaviors for your children
Take into account short-term and long-term financial goals

We also discuss debt consolidation vs. debt settlement and when it makes sense to seek help from an attorney like Leslie.

Plus, if you're looking for help getting your credit score back on track, you can listen to our podcast episode about credit repair.

Meet this week's guest, Leslie Tayne

Leslie H. Tayne, Esq. is an award-winning financial attorney and author of Life & Debt. She has over 20 years of experience in consumer and business financial debt solutions, which includes negotiations with large international banks and credit agencies for loans, lines of credit, credit cards and student loans. Leslie is the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions. Leslie is frequently sought out for her expertise on financial, credit, and debt topics in the media. As a speaker, she regularly provides insight and strategies regarding all areas of debt and credit-related solutions to outlets like the Huffington Post, Yahoo Finance, US News and World Report and MSN.
Website
Blog
Twitter/X
Instagram
LinkedIn



Don't listen to podcasts?

A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.

You can listen to our latest podcasts here or download them to your phone from any number of places, including Apple, Spotify, RadioPublic, Stitcher and RSS.

If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!

About the hosts

Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.

Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors

Americans <a href="https://www.cbsnews.com/news/credit-card-debt-record-high/">owe more than $1.1 trillion in credit card debt</a>—and a good portion of that is because too many of us are using plastic to <a href="https://listwithclever.com/research/average-american-credit-card-debt-2023/">pay for basic necessities</a> like rent and food. But no matter where your debt comes from, one thing's for sure. It's stressful. According to one survey, <a href="https://www.forbes.com/advisor/banking/american-debt-and-the-mental-health-epidemic/">more than half of U.S. adult</a>s with debt say they feel stressed because of it.
So what can you do if you're feeling overwhelmed? Consumer attorney and debt relief expert <a href="https://attorney-newyork.com/">Leslie Tayne</a> is here to save the day. She specializes in law-based debt solutions and today she's going to help us with the steps to take when we're feeling overwhelmed by debt.
You can download the episode wherever you get your podcasts:
<ul>
<li>Listen on <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple Podcasts</a></li>
<li>Listen on <a href="https://music.youtube.com/">YouTube Music</a> (formerly Google Podcasts)</li>
<li>Listen on <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a></li>
</ul>
Don't forget to <a href="https://www.moneytalksnews.com/podcasts/">check out our podcast page</a> for more episodes designed to help you make the most of your money.
Are you overwhelmed by your finances?
It's not uncommon to feel overwhelmed by your debt. In fact, in this episode, we mention how Miranda made a <a href="https://mirandamarquit.com/money-mistakes-debt-consolidation/">mistake that destroyed her credit</a>, even though she knew better. Stacy also talks about getting a handle on debt in his book <a href="https://www.amazon.com/Life-Debt-2010-Financial-Freedom/dp/1439168601">Life or Debt</a>.
We also look at some of the signs that your finances might be heading off track with signs such as:
<ul>
<li><a href="https://www.moneytalksnews.com/slideshows/8-step-to-quit-living-paycheck-to-paycheck/">Living paycheck to paycheck</a></li>
<li>Having more <a href="https://www.moneytalksnews.com/slideshows/good-vs-bad-debt-a-quick-guide-to-borrowing-wisely-for-financial-success/">bad debt vs. good debt</a></li>
<li>Difficulty <a href="https://www.moneytalksnews.com/5-tips-to-make-money-management-fun/">creating and sticking to a budget that works</a></li>
</ul>
The good news is that you don't have to remain overwhelmed by your finances. And it doesn't mean you have to move or sell your car or take other steps that might not actually be helpful.
Considerations when getting out of debt
Our guest, Leslie, points out that no one method works for everyone. Some of the tips Leslie offers include:
<ul>
<li>Try to detach from emotion as much as possible</li>
<li>Look at your current finances, including whether you have a <a href="https://www.moneytalksnews.com/what-a-pole-dancer-can-teach-us-about-managing-a-variable-income/">variable income</a></li>
<li>Find ways to develop new habits and model better behaviors for your children</li>
<li>Take into account short-term and long-term financial goals</li>
</ul>
We also discuss <a href="https://www.moneytalksnews.com/debt-consolidation-vs-debt-settlement-things-you-need-to-know/">debt consolidation vs. debt settlement</a> and when it makes sense to seek help from an attorney like Leslie.
Plus, if you're looking for help getting your credit score back on track, you can listen to our <a href="https://www.moneytalksnews.com/debt-consolidation-vs-debt-settlement-things-you-need-to-know/">podcast episode about credit repair</a>.
Meet this week's guest, Leslie Tayne
Leslie H. Tayne, Esq. is an award-winning financial attorney and author of Life &amp; Debt. She has over 20 years of experience in consumer and business financial debt solutions, which includes negotiations with large international banks and credit agencies for loans, lines of credit, credit cards and student loans. Leslie is the founder and managing director of Tayne Law Group, P.C., a law firm headquartered in New York dedicated to debt solutions. Leslie is frequently sought out for her expertise on financial, credit, and debt topics in the media. As a speaker, she regularly provides insight and strategies regarding all areas of debt and credit-related solutions to outlets like the Huffington Post, Yahoo Finance, US News and World Report and MSN.
<ul>
<li><a href="https://taynelaw.com/">Website</a></li>
<li><a href="https://attorney-newyork.com/blog/">Blog</a></li>
<li><a href="https://x.com/LeslieHTayneEsq">Twitter/X</a></li>
<li><a href="https://www.instagram.com/lesliehtayne/">Instagram</a></li>
<li><a href="https://www.linkedin.com/in/leslietayne/">LinkedIn</a></li>
</ul>

Don't listen to podcasts?
A podcast is basically a radio show you can listen to anywhere and anytime, either by downloading it to your smartphone, or by listening online. They're awesome for learning stuff and being entertained when you're in the car, doing chores, jogging or riding your bicycle.
You can listen to our latest podcasts <a href="https://www.moneytalksnews.com/podcasts/">here</a> or download them to your phone from any number of places, including <a href="https://podcasts.apple.com/us/podcast/money/id1465774878">Apple</a>, <a href="https://open.spotify.com/show/4XzsoL58984FkzefrRay0c">Spotify</a>, <a href="https://radiopublic.com/money-6rRgm9">RadioPublic</a>, <a href="https://www.stitcher.com/podcast/money-talks-news/money-104">Stitcher</a> and <a href="https://api.podcache.net/shows/ebc88ef1-73be-4580-abab-483adb44d09c/feed">RSS</a>.
If you haven't listened to our podcast yet, give it a try, then subscribe. You'll be glad you did!
About the hosts
Stacy Johnson founded Money Talks News in 1991. He's a CPA, and he has also earned licenses in stocks, commodities, options principal, mutual funds, life insurance, securities supervisor and real estate.
Miranda Marquit, MBA, is a financial expert, writer and speaker. She's been covering personal finance and investing topics for almost 20 years. When not writing and podcasting, she enjoys travel, reading and the outdoors

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Welcome to Money Talks News: The Podcast, a podcast devoted to everything money: how to get it, how to grow it and how to keep it. From the creators of MoneyTalksNews.com, a leading source of personal finance news and advice since 1991.

Money Talks News: The Podcast

3 Steps to Take if Your Debts are Out of Control

https://api.omny.fm/orgs/67ee9ddc-11a3-4cec-841d-ac9a015d5b41/clips/6f4bffc9-bdbb-435a-aa03-b1d201424e36/transcript

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