jon madison - Latest Comments in Getting out of Debt

Re: Getting out of Debt

djp — Sat, 28 Aug 2004 10:19:06 -0000

awesome dude. i'm in the same boat.

Re: Getting out of Debt

jonmadison — Fri, 20 Aug 2004 00:16:32 -0000

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!

Re: Getting out of Debt

LaRosa — Thu, 19 Aug 2004 13:53:18 -0000

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

Re: Getting out of Debt

jonmadison — Fri, 13 Aug 2004 12:15:33 -0000

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.