I’ve heard on the radio, several times now, an ad that says if you owe over $10,000 in credit card debt, that the “Government” has a method by which you can settle that debt for much less than you owe.
I don’t have a cent of credit card debt.
In fact, my wife and I don’t have any credit cards. We have debit cards, so everything is charged to our bank accounts immediately.
But, I’ve been thinking; if this debt reduction plan is legitimate … say, they let you pay say, 60% of what you owe … suppose my wife and I go on a buying binge and run up say, $10, 500 in credit card debt, and desperately resort to this debt reduction scheme, could we get out of debt by paying only $6,300 ???
Wow, perhaps Obamanomics aren’t so bad after all !!
If we can do this more than once, we might even buy things we could re-sell afterwards.
Might even be able to sell them for say, $7,000 or $8,000 …. do you suppose?
Hey, there is a possible “get rich quick” scheme looming up here!

This entry was posted on Wednesday, May 19th, 2010 at 11:44 pm and is filed under Economics, Government, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.