Comments on: Skip your credit card payments = get out of debt. http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/ Lizard people dude. Seriously. Thu, 09 Feb 2012 03:54:00 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: WILL CAMPBELL http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32712 WILL CAMPBELL Fri, 13 Mar 2009 01:34:36 +0000 http://la.metblogs.com/?p=22830#comment-32712 In fairness I watched the clip and Markland is right to object at the piece's lack of a counterpoint. But at the same time I think he's exaggerating things into a worst case deadbeat scenario. Kenny Goode isn't advocating that people go load up their credit cards and then default on them. In his case he worked a settlement solution after unfortunate circumstances left him deeply in debt, and I get the sense he's just saying (and making a buck in book sales by doing so) that here's an option that people in similar positions might want to consider. In fairness I watched the clip and Markland is right to object at the piece’s lack of a counterpoint. But at the same time I think he’s exaggerating things into a worst case deadbeat scenario. Kenny Goode isn’t advocating that people go load up their credit cards and then default on them. In his case he worked a settlement solution after unfortunate circumstances left him deeply in debt, and I get the sense he’s just saying (and making a buck in book sales by doing so) that here’s an option that people in similar positions might want to consider.

]]> By: theuglyamerican http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32711 theuglyamerican Fri, 13 Mar 2009 00:20:38 +0000 http://la.metblogs.com/?p=22830#comment-32711 <i>However, it does address a running problem - that people who are responsible and make payments on time, or people who never get into serious debt in the first place - gain less than people who abuse the system.</i> In other words, the "looters and moochers” mentality. It's all the rage right now, from the government on down. However, it does address a running problem – that people who are responsible and make payments on time, or people who never get into serious debt in the first place – gain less than people who abuse the system.

In other words, the “looters and moochers” mentality.

It’s all the rage right now, from the government on down.

]]> By: David Markland http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32710 David Markland Thu, 12 Mar 2009 23:18:05 +0000 http://la.metblogs.com/?p=22830#comment-32710 Really not sure where you're heading with the Ayn Rand reference on this, Ugly American. Are you suggesting that because this technique works, that people should use it? Because from I know about objectivism, it does involve using every available loophole for personal gain. What struck me about the KCAL coverage was their lack of a counterpoint, or any sort of warning. This was nothing less than an endorsement of potentially damaging plan. Not even the suggestion of a raised eyebrow at the whole idea - in fact, Glen Walker said if you're in credit card debt that this was a must read. Pretty strange. However, it does address a running problem - that people who are responsible and make payments on time, or people who never get into serious debt in the first place - gain less than people who abuse the system. Really not sure where you’re heading with the Ayn Rand reference on this, Ugly American.

Are you suggesting that because this technique works, that people should use it? Because from I know about objectivism, it does involve using every available loophole for personal gain.

What struck me about the KCAL coverage was their lack of a counterpoint, or any sort of warning. This was nothing less than an endorsement of potentially damaging plan. Not even the suggestion of a raised eyebrow at the whole idea – in fact, Glen Walker said if you’re in credit card debt that this was a must read. Pretty strange.

However, it does address a running problem – that people who are responsible and make payments on time, or people who never get into serious debt in the first place – gain less than people who abuse the system.

]]> By: Matt Mason http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32709 Matt Mason Thu, 12 Mar 2009 21:26:51 +0000 http://la.metblogs.com/?p=22830#comment-32709 Will, I'm sure the answer to your question is "yes." Will, I’m sure the answer to your question is “yes.”

]]> By: theuglyamerican http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32708 theuglyamerican Thu, 12 Mar 2009 19:39:28 +0000 http://la.metblogs.com/?p=22830#comment-32708 Who is John Galt? Who is John Galt?

]]> By: Spencer Cross http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32707 Spencer Cross Thu, 12 Mar 2009 18:52:55 +0000 http://la.metblogs.com/?p=22830#comment-32707 Not to be pedantic, but didn't he actually incur $30,000 of debt that he didn't have before rather than getting himself "out of debt?" Not to be pedantic, but didn’t he actually incur $30,000 of debt that he didn’t have before rather than getting himself “out of debt?”

]]> By: WILL CAMPBELL http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32706 WILL CAMPBELL Thu, 12 Mar 2009 18:49:16 +0000 http://la.metblogs.com/?p=22830#comment-32706 Are there really idiots out there in need of a disclaimer that if you fuck up your credit your credit will be fucked up? Are there really idiots out there in need of a disclaimer that if you fuck up your credit your credit will be fucked up?

]]> By: heatseeker http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32705 heatseeker Thu, 12 Mar 2009 18:39:37 +0000 http://la.metblogs.com/?p=22830#comment-32705 Yeah, actor Wesley Snipes tried to get out of paying his taxes, and he wound up paying even more than he hid from the Feds. Yeah, actor Wesley Snipes tried to get out of paying his taxes, and
he wound up paying even more than he hid from the Feds.

]]> By: heatseeker http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32704 heatseeker Thu, 12 Mar 2009 18:36:57 +0000 http://la.metblogs.com/?p=22830#comment-32704 This guy's got a lot of nerve, I'll give him that. I saw that story last night, and I thought to myself, this clown is telling people to be dead beats. In this economy with people losing their houses, cars, jobs, ect. he's telling people don't pay, and the credit card co's will cut you a deal, very bad message to send, but you know what? someone out there will buy that book. Plenty of suckers still out there. This guy’s got a lot of nerve, I’ll give him that. I saw that story last night, and I thought to myself, this clown is telling people to be dead beats. In this economy with people losing their houses, cars, jobs, ect.
he’s telling people don’t pay, and the credit card co’s will cut you a deal, very bad message to send, but you know what? someone out there
will buy that book. Plenty of suckers still out there.

]]> By: evan http://blogging.la/2009/03/11/skip-your-credit-card-payments-get-out-of-debt/comment-page-1/#comment-32703 evan Thu, 12 Mar 2009 18:22:44 +0000 http://la.metblogs.com/?p=22830#comment-32703 Matt, yes, that's what I meant. My wording was a bit muddled. Matt, yes, that’s what I meant. My wording was a bit muddled.

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