pjohnston2 wrote:Marty, what is DMP?
DMP = Debt Management Program
It's one of the acronyms in the the Guide to Common Abbreviations
MidnightVoice wrote:
Insert standard MV rant on DR's financial incompetence in certain areas
Yes, we know, we know.
My modified DR rant: Some people are so determinedly in denial that they might well need DR's shock therapy. They might in fact need to swear off credit forever.
Many others just need to get real about what got them where they are, and what it will take to get them back to a healthy state.
It's like people and booze: some need to go the straight AA route and never drink again. Others need to go the temperance route, stopping drinking to the point of wearing a lampshade and singing "My Way," but they can still handle a glass of wine with dinner. It's going to vary by the individual.
His tactics can be useful; his overall presentation of credit is decidedly skewed and incorrect.
haulingthescoreup wrote:
MidnightVoice wrote:
Insert standard MV rant on DR's financial incompetence in certain areas
Yes, we know, we know.
My modified DR rant: Some people are so determinedly in denial that they might well need DR's shock therapy. They might in fact need to swear off credit forever.
Many others just need to get real about what got them where they are, and what it will take to get them back to a healthy state.
It's like people and booze: some need to go the straight AA route and never drink again. Others need to go the temperance route, stopping drinking to the point of wearing a lampshade and singing "My Way," but they can still handle a glass of wine with dinner. It's going to vary by the individual.
His tactics can be useful; his overall presentation of credit is decidedly skewed and incorrect.
I'd like to hear DR, John Cummuta, Liz Pulliam Weston, MP "do as I say, not as I do" Dunleavey*, and Suze Orman have a debate about their respective philosophies. Each of them says many things with which I agree, and some things I don't. Many of the people they advise on the air seem very deep in denial about their situations and the need to make some hard choices.
*see http://www.bostongals.com/search?q=MP for some comments on MP. She seems a likeable person, and she is refreshingly open about her own situation (unlike most personal finance writers I know exactly where she stands right now), but sometimes I do find myself muttering, "don't do THAT, Mia!" Note: I know the M is for Mia but I dunno what the P stands for.
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