Quote:
Originally Posted by Radiance
I see your point. But I disagree, they do benefit and provide value;
But I didnt have 106k in debt and I felt capable of doing it on my own.
I think it does make sense in some cases to pay someone else to do it for us , we need to be accepting of our own limitations.
What is worse?,To pay $50 a month to have someone manage your debt for you and get out of debt OR
Not pay $50 a month but stay on debt because you are not capable of doing it alone?
I hire services, I dont do my own landscaping, not even my own taxes, I see how someone need to hire services to manage debt. It is not a reflection of a person being defective or stupid, we are not good at everything.
Good for them for getting the help they needed, it takes courage.
Can you do it on your own, for free? Absolutely! Will you? That is another story.
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You are correct, they do provide a value or else they would not be in business. I see rizzmo's point that if you want to get out of debt then why pay someone to help you? As I understand it these companies do not make the payments for you but merely setup a payment plan, which if you follow, will result in the payoff of your debt. Do I have that correct?
I also see your point that some people cannot do it alone and need some accountability, or they could feel that it is too daunting of a task. You both have good arguments, but I think it comes down to personality.