139th Carnival of Debt Reduction: Debtors Prison
May 12th, 2008 by Ana
Welcome to the 139th Carnival of Debt Reduction, the Debtors’ Prison edition. We may not have debtors’ prisons any more, but there is still Credit Hell! According to wikipedia, a debtors’ prison was a prison for those who are unable to pay a debt. The first category for today are the progress reports of those definitely not headed to debtors’ prisons:
- Chief Family Officer says “Our car loan is officially paid off - in less than two months!” proof that the next best thing to paying all-out cash is to have an EXTREMELY SHORT loan.
- Nathaniel Scott offers up his progress report for month 4 of his debt reduction battle.
- FMF says that contrary to popular belief, he has a great credit score with no debt. So much for that excuse to stay in debt!
- Amanda has her economic stimulus payment, and provides an update and a question in Me vs Debt: Debt Repayment Update - How Should I Proceed?
“Prior to the mid 19th century debtors’ prisons were a common way to deal with unpaid debt.” Sounds scary, doesn’t it? Fortunately, we have better, non-incarceratory ways of dealing with debt today!
- Michael Geoffrey presents How to Get Out Of Debt
- billspaced presents Getting Out of Debt, Part 3
- Debt Freedom Fighter presents Snowballing Debt: How to Make Bigger Payments To Your Creditors Without Making More Money
“In the United Kingdom, the Debtors Act of 1869 abolished imprisonment for debt, although debtors who had the means to pay their debt but did not do so, could still be incarcerated for up to six weeks.” Student loan debt lasts much much longer…
- William Blake presents Getting Help Paying Off Student Debt
- nickel presents Thoughts on Minimizing Debt While in College
- Destroy Debt writes Learning to Spend Less So My Earnings Are Greater
- The Happy Rock presents Demystifying The Budget - Don’t Be Afraid
- debbie presents 8 Ways You Blow the Most Money
“In 1833 the United States reduced the practice of imprisonment for debts at the federal level. Most states followed suit.” The state versus federal dynamic in American government makes some interesting legal situations, which brings us to credit cards:
- Christopher Johnson presents Getting A Handle On Your Credit Cards
- Maria O’Brien presents Dealing with Credit Card Debt
- Brice Hogan presents 3 Steps to a Lower Interest Rate
- Ray presents Debt Reduction With Low Interest Balance Transfer Credit Cards
- J. Savings presents Budgets are Sexy.: Credit Cards are cool
“The Province of Georgia in the colonial United States, was originally intended to be settled by debtors.” I found this little tidbit quite amusing!
- Chris Kakaras presents Situation Analysis - debt statistics
- The Baglady presents The Nuances of Good and Bad Debt
- Mike Leonard presents Debt by Stealth – this is the cause of your Debt
- paidtwice presents “Emergencies” Happen A Lot More Often Than I Ever Thought
“Debtors’ prisons varied in the amount of freedom they allowed the debtor. With a little money, a debtor could pay for some freedoms; some allowed inmates to conduct business and receive visitors; others even allowed inmates to live a short distance outside the prison–a practice known as the ‘Liberty of the Rules’”
- Stephan Grindley presents Debt Consolidation: The Scare Tactics
- Alexander presents How to Stop Collection Calls
- MITBeta presents Using a Twice Yearly Pay Bonus to Meet Your Goals
- Jason presents Should I Stop 401(k) Contributions to Pay Off Debt?
Whew! That’s a lot of quality entries this time around! I do hope y’all enjoyed the fun with the debtors’ prison theme 
and be sure to read these great posts on reducing or eliminating debt.
Posted in blog carnivals, debt |
May 12th, 2008 at 11:36 am
Great carnival! I love the “Debtors’ Prison” theme. Thanks for sneaking in my late entry.
May 12th, 2008 at 1:01 pm
[…] The 139th Carnival of Debt Reduction is up at Debt-Free Revolution As DFR points out, Debtors’ Prison may no longer be around, but Credit Hell is. Well, we’re here to break you out. Find your inspiration from all the awesome posts to break free from debt. No Comments Leave a Commenttrackback addressThere was an error with your comment, please try again. name (required)email (will not be published) (required)url […]
May 12th, 2008 at 7:00 pm
Debtors’ prison, yikes! Thanks for hosting, love the tidbits
May 12th, 2008 at 8:02 pm
Thanks so much for hosting a great carnival and highlighting my post!
May 12th, 2008 at 10:06 pm
[…] off to the debtors’ prison with this week’s Carnival of Debt Reduction over at DebtFREE-Revolution. Tidbits about the debtors’ prison are scattered throughout this […]
May 13th, 2008 at 11:49 am
Wow. Quite extensive list. For those of us enjoying the opposite (freedom), just reading about debtor’s prison made me want to want to go walk on some paid for real estate with my shoes off.
FJH
May 13th, 2008 at 7:11 pm
[…] Debt Free Revolution hosted the Carnival of Debt Reduction: Debtors’ Prison edition, and included my post on Using a Twice Yearly Pay Bonus to Meet Your Goals. […]
May 14th, 2008 at 5:29 am
Carnival Love…
Ew. Wait no, not carnie love… carnival love! Stop by and check out:Debtor’s Prison at the Carnival of Debt Reduction courtesy of Debt Free RevolutionThe Carnival of Personal Finance @ Money Under ……
May 14th, 2008 at 11:02 am
[…] Our Dealing with Credit Card Debt post was included in the 139th Carnival of Debt Reduction: Debtors Prison. […]
May 15th, 2008 at 9:35 am
Great Carnival. I wasted, er SPENT a lot of time reading articles. I learned a lot, and refined my opinions a bit better. I am glad we don’t still have debtor’s prison. Now, I really do need to go get some work done!
TM
May 15th, 2008 at 5:20 pm
“The Province of Georgia in the colonial United States, was originally intended to be settled by debtors.”
That’s how my ancestors came over to America actually. Back in London, the patriarch of our family fell in love with a noble woman who returned his feelings. The father found out about it and threw him into debtors prison, shipping him off to Georgia. That’s where my family lived up until my Grandpa’s generation. Luckily for me the noble woman in this story fled London when she found out what her father did and sailed to America where she eventually found her love. They married and started off with nothing in the new world.
May 16th, 2008 at 9:44 am
[…] Carnival of Debt Reduction was at DebtFREE-Revolution and included my post about emergencies and […]
May 16th, 2008 at 5:26 pm
[…] Carnival of Debt Reduction at Debt Free Revolution […]
May 17th, 2008 at 9:13 pm
[…] Carnival of Debt Reduction included “Thoughts on Minimizing Debt While in […]
May 18th, 2008 at 12:02 pm
Really comprehensive round up Ana, have just been working my way through the posts especially liked “Learning to Spend Less So My Earnings Are Greater”
May 19th, 2008 at 5:31 am
[…] case you missed it, last week’s Carnival was held at DebtFREE-Revolution and next week’s will be over at Consumerism Commentary. Be sure and get your article […]