How To Avoid Paying Back Debt
Debt avoidance sounds like everyone's dream come true. But how does it work? And is it really, truly an ethical option. I'm not sure I can answer that question, although the many companies promoting it claim it is!
If you want to see an example of a "debt elimination" program then check out http://www.the7thfire.com/Politics%20and%20History/Eliminate-Credit-Card-Debt.html This site proposes to help you completely wipe out credit card debt. Now, the theory here (I call it a theory because I'm just not convinced of their logic) is that when banks approve your credit card application they're actually using an applican'ts name and signature to "create" the money that funds the card. In essence, they're lending you your money. Make sense?? Basically, this means that if you spend this credit card money, you're really spending your own money so you shouldn't have to pay it back. (Even though in fact you've bought products without forking out a single dime!)
To be honest, my issue with these debt programs is not that they don't work (in fact, I can't say for sure whether or not they do work, maybe they're very effective), I just feel - deep down - that if you get into debt, it's your responsibility to pay it back. (Hope I don't sound too much like I'm preaching!) In this world, you can't get something for nothing! What I aim to do with this blog is provide you with helpful information which will allow you to manage your debt and eventually get out of debt (as well as avoid getting into anymore debt).
However, I'm always interested in other's opinions on this topic!
If you want to see an example of a "debt elimination" program then check out http://www.the7thfire.com/Politics%20and%20History/Eliminate-Credit-Card-Debt.html This site proposes to help you completely wipe out credit card debt. Now, the theory here (I call it a theory because I'm just not convinced of their logic) is that when banks approve your credit card application they're actually using an applican'ts name and signature to "create" the money that funds the card. In essence, they're lending you your money. Make sense?? Basically, this means that if you spend this credit card money, you're really spending your own money so you shouldn't have to pay it back. (Even though in fact you've bought products without forking out a single dime!)
To be honest, my issue with these debt programs is not that they don't work (in fact, I can't say for sure whether or not they do work, maybe they're very effective), I just feel - deep down - that if you get into debt, it's your responsibility to pay it back. (Hope I don't sound too much like I'm preaching!) In this world, you can't get something for nothing! What I aim to do with this blog is provide you with helpful information which will allow you to manage your debt and eventually get out of debt (as well as avoid getting into anymore debt).
However, I'm always interested in other's opinions on this topic!
posted by Ahri22 at 5:14 PM
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