Debt Free And Prosperous Living

doubtman
Rep Points:

Posted on July 13, 2009 at 3:17 am

Excesses...neglect...

And back to my original point, it's cultural and systemic. America would really be better off without that virtual money industry. The term full disclosure even though already addressed by President Obama just does not work with the credit business.

I'd believe that that debt free and prosperous living dream would have a chance at coming true if and only if---our society reverts back to open transactions. Cash.
We only spend what we need, and we only owe to those who we know personally.

caffeinatrix
Rep Points:

Posted on July 14, 2009 at 3:43 am

I believe credit has its uses and advantages and is not necessarily an evil thing. It can be good especially if the purchased item or service (such as a house, a student loan, or an auto loan) appreciates in value. Besides, if lenders see that an individual has established a credit history--a good one at that--, it adds a certain sense of confidence in that the consumer can be trusted to be paying their bills on time. The credit risk lessens and a business relationship is established.

Lurker
Rep Points:

Posted on August 3, 2009 at 12:18 am

I think John Commuta's approach to eradicating debt is rubbish. He promises in his Debt to Wealth course that consumers can be debt free in five to seven years. The truth is, consolidating your debt can take much less--going thru credit counseling will just take five years, and settling the debt can take as little as a year's time, for crying out loud.

Regali (Guest)
Rep Points:

Posted on September 14, 2009 at 2:34 am

What other alternatives would you then suggest to consumers instead of availing of this book Debt Free and Prosperous Living?

Purple Cow
Rep Points:

Posted on September 14, 2009 at 3:05 am

Depends on your financial situation Regali. Could you tell us more about it?

Or if you want you can fill out a form on DestroyDebt.com, where you'll be matched with a qualified provider, free of charge--if you're not really 100% comfortable about sharing your information on a public forum such as this one.

Regali (Guest)
Rep Points:

Posted on September 14, 2009 at 3:20 am

i'll fill out a form thanks for your time

Lurker (Guest)
Rep Points:

Posted on September 15, 2009 at 3:35 am

You may either settle your debt, go thru credit counseling, obtain a consolidation loan, or file for Chapter 13 bankruptcy. Each works best depending on a certain situation.

Aliyah (Guest)
Rep Points:

Posted on September 15, 2009 at 5:15 am

How can bankruptcy get me a debt free and prosperous living?