Comments on: Is It Wrong to Negotiate Debt? http://wealthpilgrim.com/is-it-wrong-to-negotiate-your-debts-down-edition-of-weekend-links/ WealthPilgrim.com -No Money Worries. No Matter What. Tue, 22 May 2012 13:10:32 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Roger http://wealthpilgrim.com/is-it-wrong-to-negotiate-your-debts-down-edition-of-weekend-links/#comment-3409 Roger Sat, 16 Jan 2010 00:55:27 +0000 http://wealthpilgrim.com/?p=11646#comment-3409 No way. It is immoral to run up debt because you can't control yourself with credit cards and then bankrupt on them or negotiate the balance down. I have over $45K in CC debt and while it's tempting to call one of the many places that offer debt relief, I got into it and I'll get myself out. No way. It is immoral to run up debt because you can’t control yourself with credit cards and then bankrupt on them or negotiate the balance down. I have over $45K in CC debt and while it’s tempting to call one of the many places that offer debt relief, I got into it and I’ll get myself out.

]]> By: Ways To Love Well http://wealthpilgrim.com/is-it-wrong-to-negotiate-your-debts-down-edition-of-weekend-links/#comment-2612 Ways To Love Well Fri, 13 Nov 2009 16:19:35 +0000 http://wealthpilgrim.com/?p=11646#comment-2612 VRy interesting to read it :P :D VRy interesting to read it :P :D

]]> By: Financial Samurai http://wealthpilgrim.com/is-it-wrong-to-negotiate-your-debts-down-edition-of-weekend-links/#comment-2379 Financial Samurai Tue, 20 Oct 2009 01:47:49 +0000 http://wealthpilgrim.com/?p=11646#comment-2379 Neal - good points. I used to be annoyed and angry with people who game the system. Not anymore, b/c it's a never ending cycle and therefore, you'll have never ending annoyance! :) Instead, I've come to accept the way things are, and try to learn from these guys who got themselves out of debt by any means possible. Who knows, I may fall into difficulties in my future, so it's always good to learn new things. This guys action sets a precedent for future cases. Best, FS Neal – good points. I used to be annoyed and angry with people who game the system. Not anymore, b/c it’s a never ending cycle and therefore, you’ll have never ending annoyance! :) Instead, I’ve come to accept the way things are, and try to learn from these guys who got themselves out of debt by any means possible.

Who knows, I may fall into difficulties in my future, so it’s always good to learn new things. This guys action sets a precedent for future cases.

Best, FS

]]> By: Neal http://wealthpilgrim.com/is-it-wrong-to-negotiate-your-debts-down-edition-of-weekend-links/#comment-2365 Neal Mon, 19 Oct 2009 13:06:45 +0000 http://wealthpilgrim.com/?p=11646#comment-2365 Financial Samurai, OK....you make some really strong points about self-interest. I get your point about the blogs advertising saying one thing and the editorial saying another. I do think there is a huge difference between that and getting $165k for "free" but I do see your point. I don't really feel envious at all.....quite the opposite. I feel really fortunate not to be in the same position. Maybe it's all about self-interest but who is to say that living up to your promises and responsibilities isn't consistent w/that? Financial Samurai,

OK….you make some really strong points about self-interest. I get your point about the blogs advertising saying one thing and the editorial saying another.

I do think there is a huge difference between that and getting $165k for “free” but I do see your point.

I don’t really feel envious at all…..quite the opposite. I feel really fortunate not to be in the same position.

Maybe it’s all about self-interest but who is to say that living up to your promises and responsibilities isn’t consistent w/that?

]]> By: Financial Samurai http://wealthpilgrim.com/is-it-wrong-to-negotiate-your-debts-down-edition-of-weekend-links/#comment-2354 Financial Samurai Fri, 16 Oct 2009 22:17:41 +0000 http://wealthpilgrim.com/?p=11646#comment-2354 Neal - There is totally nothing wrong with negotiating down your debt by $165,000! In fact, BRAVO to him for being able to rack up that much CC debt and get the rest forgiven! Wouldn't we all love to have a free $165,000? Is is those people who care about fixing their finances who work on gaming the system, and doing everything they can to free themselves. Now he is monetizing his success through a book. It's much like so many personal finance blogs who are pimping credit card deals or debt consolidation services while talking about the evils of credit cards! Everybody is in it for their own good, and nobody has the right to tell them how to run their personal finance lives. I read a lot of blogs, but the ones that hock this trading account or that credit card too much, I begin to stay away. It's a free market. There's lots of us out there, and we shouldn't feel envious of this guys personal bailout at all! Hope to see you at FS one day. Best Neal – There is totally nothing wrong with negotiating down your debt by $165,000! In fact, BRAVO to him for being able to rack up that much CC debt and get the rest forgiven!

Wouldn’t we all love to have a free $165,000? Is is those people who care about fixing their finances who work on gaming the system, and doing everything they can to free themselves.

Now he is monetizing his success through a book. It’s much like so many personal finance blogs who are pimping credit card deals or debt consolidation services while talking about the evils of credit cards! Everybody is in it for their own good, and nobody has the right to tell them how to run their personal finance lives.

I read a lot of blogs, but the ones that hock this trading account or that credit card too much, I begin to stay away. It’s a free market. There’s lots of us out there, and we shouldn’t feel envious of this guys personal bailout at all!

Hope to see you at FS one day.

Best

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