Debt Management: Debt Settlement a SCAM?
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Most debt consolidation companies do nothing better than simply ruin your fico score in order to settle your debt. If you really want to work with an agency that will help you reduce your debt, contact a company member of “CONSUMER CREDIT COUNSELING SERVICES” (CCCS) More info at: sccrealestateuncensored.com/2008/repair-credit-legally-remove-negative-accounts/ micasamidinero.com/2008/reparo-credito-eliminando-legalmente-cuentas-negativas/
Comment by wowpds8 on 25 November 2010:
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Comment by debtmagicfinance on 25 November 2010:
i agree the video was ok to start with
Comment by mattnmac on 25 November 2010:
@NYBankruptcy
Nothing wrong with that because the point is to pay what you owe. It is not good to have bankruptcy on your credit report ever.
Comment by rizwanahmadmalik1 on 25 November 2010:
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Comment by peterg2101 on 25 November 2010:
This is what I find funny. Who has $7,000 and has past due debts. They don’t, otherwise they would pay their bills. People who are past due, typically suffered some loss of income or have poor money management skills and cannot save money on their own for their settlements. This is the main reason why debt settlement companies exist. Providing lower payments and saving money on the clients behalf, thus allowing the clients to be debt free in the near future.
Comment by bradskwires on 25 November 2010:
i hate this bitch.
Comment by WonderWomanFan4life on 25 November 2010:
I went to CCCCS they were bullshit. I could do that with DAVE RAMSEYs program.. seriously they must pay Suze. I liked her better when she wasnt plugging everyone. some stuff she says is good then other things i am all like do what now??
Comment by WonderWomanFan4life on 25 November 2010:
well they have to get paid .. do you expect them to do it for FREEEEE?? but seriously If I can do this myself I sure as heck AINT gonna pay someone. yeah this is a good video.
Comment by bafldenmark on 25 November 2010:
Interesting video, however using the word “debt” doesnt seem appropriate. You created the money in the first place with your signature/pin. Try ask about their proof of claim for being the creditor.
Comment by keu143146 on 25 November 2010:
what I am doing is changing my whole lifestyle and getting out of debt as fast as possible….paying 1 card down at a time…..I have two left and hope to be out in about 14 months.(: God is helping me along the way….! (:
Comment by LeonardMRubino on 25 November 2010:
Try debt management!
Comment by HollywoodSheen on 25 November 2010:
When u pay a collector, request that they delete the acct completely, not report it as “paid in full”. Reporting it as paid in full does nothing for ur score, u want it deleted.
Comment by williont on 25 November 2010:
There is no how reputable debt settlement company will ignore charges. They crop their interest from this. you can equally get this tips to get out of debt
Comment by iHateMyCreditCard on 25 November 2010:
people out there… blah blah …. now lets start to deal with my book sales… I HATE MY CREDIT CARDS and i can get you out of debt. and i have hooked up a lot of people. this TV personality will represent herself in court when she gets arrested for insider trading like Martha…
Comment by matikaj on 25 November 2010:
I found this site about getting out of debt: outofdebtstrategy.blogspot.com. It’s quite interesting. There are over 40 articles and every day new ones are added.
Comment by lorilynneottley on 25 November 2010:
My husband lives in a seperate town due to working situation. My name is not on some of the credit cards, but I’m going to start attempting to settle the debts ourselves soon. Will they deal with me even though I’m not on some of the accounts?
Comment by matikaj on 25 November 2010:
outofdebtstrategy.blogspot.com/
Comment by toborthegreat on 25 November 2010:
CCCS is OK to a point. Let’s say that your total credit card bills per month is $1200.
CCCS comes back with a figure of $1100 a month. They are not getting the payments lowered but telling you in the future you are saving. But don’t you live for now rather then the future? It all does not make sense.
Comment by naveclipsys on 25 November 2010:
Yes I do..She seems proud of it..haha
Comment by DarkandJaded on 25 November 2010:
@legalselfdefense I agree, it’s true, they want some money rather than nothing, as long as you are paying them they don’t care!
Comment by DarkandJaded on 25 November 2010:
What’s funny is with our debt we are so over our heads we can’t afford bankruptcy or consolidation!!
We are overdrawn because of automatic payments and all paychecks the next 3 weeks will not even put us at even, we have no money to even gas our car so my husband can work.
and I am having a little trouble finding a job. Yay.
Comment by abridgewater101 on 25 November 2010:
Nice Video
Keep up the good work !!! Watch my videos
Comment by legalselfdefense on 25 November 2010:
For the most part this seems like excellent advice. I don’t think the IRS is going to let a credit card company tell them which debts you get rid of are going to be considered income or not, though. What I appreciated here was the info that people can handle these things by themselves. The credit companies will negotiate with anyone bold enough to try it.
Comment by donbrownzd on 26 November 2010:
You have 2 choices, have your attorney (for about the same or less fee) settle your debts for significantly less, and/or file bankruptcy. Generally the only issue with bankruptcy is whether or not you are within the time frames for filing. Your credit will suffer less imho than if you have a dozen late/charged off/settled accounts.
Comment by legalselfdefense on 26 November 2010:
I love this video. I think she is exactly right about being able to get the same deal from the collectors. A lot of people think the debt consolidation people have special “ins” with the credit card companies. And I think it does help to know what you can get. If people like Ms. Orman will keep talking, maybe it will help people be more comfortable negotiating on their own behalf.