Wait…let me get this straight. Using this approach, if a person is facing extreme debt with collectors calling, cars and houses on the verge of being repo’d and foreclosed, and maxed out credit cards, these are the steps they should take to fix the problem:

  1. Ask for higher limits on their cards
  2. Demand a raise from their employer (at gunpoint if necessary)
  3. Create a plan to spend the extra money from the raise and the newly available credit to raise their kids’ allowances, trade-in for a new car that gets better gas mileage (no need for cost analysis, right?), and buy some new clothes to interview for jobs that pay a much higher salary. They’ll get these interviews by leveraging the great references the current employer they just held up at gunpoint gave them.
Sounds like a solid plan.