Debt Settlement

Here At DCHS We Have A Thing Called Debt Settlement

Debt settlement, janitor's closet style

Here at Debt Consolidation High School, I see a lot of things that the administration does not. It's like I am on the streets... the front lines of ongoing wars between the kids. The higher ups are too busy pushing paper around to understand how debt settlement goes down in these halls. When one kid owes another kid money, the debt settlement form of choice is typically to shove each other until the fight gets broken up and one or both of them are suspended. Or, if one kid happens to have a distinct physical advantage, sometimes they drag 'em into the janitor's closet and threaten savage beatings if the debts aren't repaid.

• Well, that's not the way I like to see things settled.
• My idea of debt settlement is civil and benefits all parties. I take this lesson from the non-profit debt consolidation firms I am affiliated with. These companies know that the roots of conflict resolution are in compromise and mutual benefit... a few extra bucks is also a huge selling point.

Seriously now. If you beat someone's debt out of them, they are just gonna be angling for you come the future when they've got bigger friends or bigger bank accounts. Perhaps both. It's not a long-range answer, and just breeds more hostility. What I am out to teach the kiddies these days is that there are options for debt settlement that don't involve violence. In fact, they just require you to pay off your balances a little at a time, all the while saving more than 30 percent of what they owe. Best of all, the creditors love it.

Ed waxes poetic about debt settlement

There have been many good debt settlement stories from my past... lots of kids that I have steered away from trouble. But one comes to mind right now for whatever reason. This guy Brian -- good kid, from my neighborhood -- found himself owing big time cash to some "investors" at school for some of the "products" they distribute from downstate. In any case, he used reason and a cool head to negotiate his debts down by a substantial amount. He has saved many thousands of dollars since.

About Us | Site Map | What's New | View as RSS | Related Resources