Financial Peace University Update (Session 5)

On Sunday afternoon, we had our fifth session of Financial Peace University. Session 5 is on the topic of "Credit Sharks in Suits." This session is a combination of humorous stories from Dave when he has dealt with creditors in the past, but also some disturbing testimonials from other people that have gone through difficult times with bill collectors. In this DVD, you can definitely tell that Dave loathes the majority of bill collectors, and his business is doing all it can to push for tighter restrictions on this industry.


Here's what Dave Ramsey's organization has to say about this fifth session of FPU:

Week 5 - Credit Sharks in Suits

Dave teaches us how to check and clean up our credit report and deal with collection agencies. Knowing how to deal with creditors gives us the confidence to work our Debt Snowball.


Stop those annoying telemarketer calls! Use the government's National Do Not Call Registry to protect your number from unsolicited calls.


Stop all of the "pre-approved" credit offers that fill up your mailbox! You can have the credit bureaus turn away companies who check your credit report in order to send you unsolicited credit offers.


One in 12 Americans will fall victim to identity theft today. Anyone can be a victim, costing valuable time and money. Zander Insurance has designed the “Identity Safeguards” plan to protect you.

Key Points

1. If you are unable to pay the minimum payments, use the Pro-Rata plan.
2. Always budget for your necessities before paying off any debt.
3. Check your credit report for errors every two years.