Debt Companies that "Help" You

Boy everyone is trying to profit off the poor man.  What is the deal?  Give us a break already!  All these debt companies promising to consolidate your payments and settle your accounts.  At what cost? 

First of all sorry to say this but... you took out the debt to get stuff, lots of stuff, and now you should pay it back. I was the idiot that took out student loans, I was the dummy that wracked up my credit card bills to buy vacations and crap that I don't use any more. Why should the financial institution have to suffer?  Ok well they should suffer... I mean they shouldn't have LET me get into so much debt. They should have stopped shoving their credit card offers down my throat, until I couldn't breath and just HAD to sign up for ANOTHER ONE!

I do not agree with marketing tactics or allowing someone to get credit that shouldn't, but we have to own up to this mess... or else we will continue to put ourselves back into it. So #1:  Own your debt!  It sucks, but its the first step.

Next, these companies claim to be "non-profit" yet they have to pay their employees somehow, right?  There only job is to help you. Oh how noble! -sniff- -tear- Puh-lease! I know we are super smart... hence the debt.. but we should know that no business works for free, and I have never heard of one of these companies asking for a donation at the end of the call. 

I once spoke with a debt consolidation company in 2005 before we were paying on student loans. She put my info into her system and then said. "Um... how are you even eating?" Exactly! These people don't have a clue what our real situation is. #2 Stay away from debt companies. They wouldn't have jobs if it weren't for people like us.


Debt settlement companies are not the way to go either. They are making a profit off you and crushing your credit score. Which you wouldn't need if you used cash all the time but lets face facts... you don't. Also your credit score can not only effect buying stuff but, also getting a job and renting an apartment. So before you do something stupid like work with one of these companies or even worse, claim bankruptcy, there are people worse off out there and making it work. #3 Debt settlement and bankruptcy ruin your credit report so DON'T use them!

Lastly, sit down and make a budget... or talk to someone you know that is good with money.  NOT the person with new Lexus... they are probably Hood Rich like the rest of America. Talk to people you know and love for help... not giving-you-money-help... just someone that can show you, you aren't as bad off as you think. #4 Work with what you got.. talk to someone that is good with money for help.

That's it folks... let me know if you like it!