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The (in)famous actor owes nearly $300,000 on his American Express card. I'm offering to help him.

When Charlie Sheen has made headlines these past few years, it’s involved sexdrugs, and violence. So I had mixed feelings last week when he returned to the tabloid news with a credit card problem.

Usually, I see opportunity in celebrity debt. Encouraging Americans to be financially responsible is important but (let’s be honest) boring. So if a cultural icon has money problems, it’s an easy way to meld enlightenment with entertainment.

Sheen’s problem, however, is just so ridiculous. As the National Enquirer reported…

Charlie Sheen is scrambling for cash as the scandal-ridden star sees his debts pile up! The former sitcom star is even facing a bill from American Express for nearly $300,000!

To be more specific (and less hyperbolic), Sheen owes $287,879 on his Platinum card— and $8,357 in late fees. Apparently, his reluctance to pay his balance has forced American Express to sue him. Sheen’s response? He told gossip site TMZ, “If I was AMEX, I’d be suing me too!!”

While Sheen has never been a role model for healthy living and loving relationships, he’s now setting a poor example for those mired in credit card debt. So here’s my video response to his current lawsuit — and my offer to personally counsel him on living debt-free. I recorded it along with my friend and fellow personal finance expert, Steve Rhode — better known as the Get Out of Debt Guy

 

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The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect the opinions and/or policies of Debt.com.

About the Author

Howard Dvorkin, CPA

Howard Dvorkin, CPA

I’m a certified public accountant who has authored two books on getting out of debt, Credit Hell and Power Up, and I am one of the personal finance experts for Debt.com. I have focused my professional endeavors in the consumer finance, technology, media and real estate industries creating not only Debt.com, but also Financial Apps and Start Fresh Today, among others. My personal finance advice has been included in countless articles, and has appeared in the New York Times, the Washington Post, Forbes and Entrepreneur as well as virtually every national and local newspaper in the country. Everyone should have a reason for living that’s bigger than themselves, and besides my family, mine is this: Teaching Americans how to live happily within their means. To me, money is not the root of all evil. Poor money management is. Money cannot buy happiness, but going into debt always buys misery. That’s why I launched Debt.com. I’m glad you’re here.

Published by Debt.com, LLC