Ken and Daria Dolan, America's First Family of Personal Finance, answer your money questions every Friday.

Dear Ken and Daria,

Without our knowledge, our 23-year-old daughter ran up $5,000 worth of credit card debt on three different cards. She defaulted and now the collection agencies are coming after my wife and me. We could pay the debt off, but does it make sense to do that?

Jay

Ken and Daria Dolan offer advice on all of your credit card and debt management concerns at Dolans.com.

Click here to ask Ken and Daria your question.

Are you ready to confess your money stories? The good and the bad? You can tell the whole world about how you're ruining your credit history or climbing your way out of debt at sites like Geezeo.com.

The site gives consumers tools to manage and track their accounts and budgets. Its web-based applications give you secure access to your checking accounts. But even more attractive to many of the members is the chance to talk with others about your financial exploits. The tales shared by user range from the minor ("I overpaid my credit card by $500) to the serious ("I'm in $30k of debt and my husband doesn't know.")

Experts say that sites like Geezeo are fueled by the "MySpace generation"... younger adults who are willing to share intimate details about their lives with the rest of the world. Users should be careful though: You don't know who's really giving the advice you seek on the site. Do you really want to take advice from a money dummy? Are the suggestions they're making sound? Could you really be worse off if you follow their guidance?

A site like Geezeo can be a fun way to help get your spending in check and create a stronger financial future for you and your family. As with anything you find on the internet, use it with caution.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.