I don't know how many of you are aware of this, but debt settlement programs have been thriving off of other peoples' financial irresponsibility for quite some time now. This has been really big the last 5 years or so, but I'm not sure of the exact date when they first entered the monetary scene like a pack of wild scavengers. The primary concept is simple: If you owe lots of money to credit card companies and you feel that you shouldn't have to pay back the amount you owe, call them! Yes folks, get in contact with a debt settlement program and they will teach you how to be even more irresponsible. This is just what we need right now, more Americans getting in debt, not living within their means, wanting the world now before earning anything, and expecting to get out of debt without even paying the principle balance.

Sort of like our national debt, as this country often sounds like a maxed out credit card not even able to pay the interest on what they owe. LOL! Anyway, lets say you owe $15,000 to Discover Card, for example. Well, they would set you a target settlement at, say, 8 or 9 thousand dollars. Now, the first thing you do, is quit paying on your credit card if you haven't already. Once the credit card company starts getting pissed, redirect all your calls from them to the debt settlement people. Well, their plan is to stall and wait until you get behind on your payments for a couple years or even 3. During this time, you start transferring funds into your settlement account while waiting for your credit card company to finally give in and settle with these people. Instead of $15,000 dollars, lets say that they finally agreed to $7,500. Okay, so after 6 months to 3 years, if you already accumulated the funds, the debt settlement people will charge you about 9,000 dollars and keep $1,500 dollars of that for their selves and give the remaining 7,500 dollars to the credit card company. Sounds like a good business, eh? You saved $6,000 right off the top, but really way more than that, if you figure in the interest for those 2 or 3 years that you quit paying them.

Is it just me, or does this activity promote financial irresponsibility? Sure, those wicked banks are relentless on their interest charges, but nobody made you borrow all that money in the first place. Who is really to blame here?

---End of Post "Debt Settlement Programs thrive off of your financial irresponsibility..."