Comments on: There are No Secret Programs for Credit Card Debt

By: Andrea

Andrea — Wed, 04 Mar 2009 18:39:21 +0000

There’s no secret, it’s at best a really expensive way to kill your credit and at worst, a flat out scam. I have a couple of posts that detail the settlement programs and scam aspect, titled … wait for it … “Debt Settlement Programs” and “Debt Assistance Scam.” I’m all about the snappy titles.

By: Fabulously Broke

Fabulously Broke — Sun, 01 Mar 2009 18:14:05 +0000

I agree with Roger. People who want a quick fix are in for a rude awakening.

Debt to me, is the same as getting rid of excess weight or clutter, it will never be easy any way you look at it without hard work.

By: Roger

Roger — Sun, 01 Mar 2009 17:42:56 +0000

I think you’ve pretty much covered the major ways of eliminating debt; the idea that anyone can realistically make your debt disappear is just fool-hardy. And that’s not even getting into the perverse incentives it creates if there’s the belief that some magic bullet will simply make the debt disappear; why cut your spending if all you need to do is go to some credit fixer and poof! Your debt is gone!

And people wonder why it took a horrible recession to get us to save even a small fraction of our income…