"It is not the employer who pays the wages; he only handles the money. It is the product that pays the wages." - Henry Ford
logo

Go Back   Saving Advice > Financial Chit Chat > Personal Finance

Personal Finance Credit cards, home loans, retirement plans and taxes. The place for all your personal finance questions.

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 12-02-2004, 07:23 PM
singinjeannie singinjeannie is offline
$ Saving HS Sophomore
 
Join Date: Sep 2004
Posts: 176
Points: 8634.50
Donate
Default Transforming debt...

I keep hearing this commercial about "Transforming debt into wealth program." Does anyone know what this is? I'm sure if I call the 800 # I'll have to pay some huge amount of money to find out that it's just another snowball payment.

Does anyone know for sure?

Thanks!

Jean
Reply With Quote
  #2 (permalink)  
Old 12-02-2004, 07:53 PM
terry1156 terry1156 is offline
$ Saving College Junior
 
Join Date: Apr 2004
Posts: 1,110
Points: 26771.50
Donate
Default Re: Transforming debt...

Although I have not seen the details of the program, I can guarantee that it is nothing other than a snowball program of some type, just set to tapes, CDs or video instead of a book or website. I highly doubt it is worth your time or money.
Reply With Quote
  #3 (permalink)  
Old 12-03-2004, 09:21 AM
rabbitfoot rabbitfoot is offline
$ Saving Sixth Grader
 
Join Date: Apr 2004
Posts: 59
Points: 3135.70
Donate
Default Re: Transforming debt...

I have seen it and there is nothing that you can't find on this site or others like it. Basically it's a snowball program. I didn't buy it. I asked my library to order it which they did and then borrowed it from them. You might want to check to see if your local library has it or if they will order it. I wouldn't pay for it.
Reply With Quote
  #4 (permalink)  
Old 12-04-2004, 12:51 PM
Tree0164 Tree0164 is offline
$ Saving College Junior
 
Join Date: Apr 2004
Posts: 1,385
Last Blog Entry: Understanding Life Insurance
Points: 16002.50
Donate
Default Re: Transforming debt...

I am very skeptical of anything that is sold on tv that says it will make you rich. Put the 39.95 or whatever it is towards your debt rather than spending it.

Use the snowball calculator online and use these boards and different yahoo groups for motivation.
Reply With Quote
  #5 (permalink)  
Old 12-04-2004, 08:49 PM
vendigirl vendigirl is offline
$ Saving Sixth Grader
 
Join Date: Oct 2004
Location: Buena Vista, Sk, Canada
Posts: 72
Last Blog Entry: Windfalls All Over the Place
Points: 988.30
Donate
Default Re: Transforming debt...

I suspect that you've already done much of what a "program" like this would do for you. You've lowered your CC rates, you've established a payment plan, and you're working on cutting corners to find extra funds to pay down your debt. Add to those ingredients a good dose of time and voila- your debt will be turned into wealth. You're probably a lot farther along than you think.
Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
If you are / have been in debt... twinsmommy General Discussion 24 10-01-2006 08:29 PM
Should you pay off an old debt? sweeps General Discussion 7 08-26-2006 11:21 AM
How much in debt are you? Jason Personal Finance 45 01-22-2006 07:49 AM
help with serious debt pam230 Personal Finance 4 10-14-2005 12:18 PM
Help to get out of debt JanetWilliams Personal Finance 8 07-10-2005 05:58 PM



Powered by vBulletin®
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.

Copyright © 2012 SavingAdvice.com. All Rights Reserved.