DISQUS

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http://blog.jonmadison.com
Original page
http://blog.jonmadison.com/archives/2004/08/07/big-debt-but-a-plan/
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jonmadison · 5 years ago

I would also add that another detriment to using a DCS is that a common requirement (it may be across the board) is that they will cancel your cards, as well as "manage the debt" (you pay them, they pay the creditors) -- it takes a lot of responsibility out of your hands, is somewhat like babysitting, and may in fact appear as such to a potential creditor.
LaRosa · 5 years ago

word jon... that was a great read... my wife & i are in the process of doing the same thing.
jonmadison · 5 years ago

thanks man--it is definitely something that can reduce a ton of stress in that area. One thing that i found during this is that i hadn't been straight up, as i should have been, when discussing any expenses that went out. This of course is essential in knowing where the money is going...make sure you're transparent with regards to spending!
djp · 5 years ago

awesome dude. i'm in the same boat.