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  • Kevin March 15, 2009, 10:12 am


    Everybody knows this. The problem is few people do it. As an intellectual exercise it is obvious. My aunt has had credit card problems all her life. I told her many many times how much interest she is spending and wasting money and I try to get her to understand. In 30 years she never has. Problem is not that people don’t know better but that they won’t make the change and do something for themselves but they might go by some system.

  • JOE March 15, 2009, 11:52 am

    Did your aunt buy into the program? Seems to me that people who are in that deep are best off going in a different direction to get their financial house in order. Those in your aunt’s situation aren’t likely to be able to get the HELOC, and are back to the rule of “pay your debts, highest rate first.” I fail to see what value anyone finds in this package, price aside.

  • JOE March 15, 2009, 6:35 pm

    That may be, but MMA asks that they do just that. That they go from spending themselves into debt to magically learning how to budget themselves to a plan that pays off all their debt in record time. I don’t believe it.

  • Kevin March 15, 2009, 6:31 pm

    I am sure my aunt has never heard of it. It was just to show that you cannot convince most people who are bad with finances that they should change even if you show them why what they are doing makes no sense. I do not think you can change anyone’s addiction by telling them it makes no sense. But if you put them on a program like AA or debtor’s anonymous or some other system maybe they can change. That is all I am saying.

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