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/
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?
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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.
Yes I do..She seems proud of it..haha
@legalselfdefense I agree, it’s true, they want some money rather than nothing, as long as you are paying them they don’t care!
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.
Nice Video
Keep up the good work !!! Watch my videos 
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.
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.
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.
God bless you Suzie! That first part contained all the answers I been searching for over the last couple of weeks. Though the second part does not apply to me, I understand situation differs from person to person. So I ll say keep searching for the right information atleast as it best applies to your particular case.
As a prior collection manager, I agree with her. Don’t let them close it out as S.I.F. , when you can get them to document as P.I.F. The problem is, most people are just not comfortable negotiating.
and at the end all she is doing is trying to sell you her credit counseling crap… how much do they charge you for that?? hmmm i wonder… and then you only have to pay back twice as much as you originally owe …. and they report this crap all over your credit report… same as a bankruptcy… so if i would’ve listen to her …. i would pay twice as much, for twice as long… and my credit would be screwed… wow great plan….
as i said below.. i paid way less than what i owed … i also did not have to pay the credit card companies there ridicoules interest either…. all i know is i owed 62 grand and i only had to pay 40 grand …. and i did this all within 2 years… who cares what profit they made… should i have listened to this lady and paid a shit load more… only an idiot would listen to this lady… and my credit… 2 months after i finished the credit card co were begging me to open a new credit card
suze says: i am a dumbass
another lady that does not know what she is talking about… they charge you upfront fees – debt settlements do not charge up front fees – up front fees mean: paying them in full before they will enroll you… and they do not charge you twice either… when the do your settlement they charge you again… uhh not….. wow where did they get there info…. i did a debt settlement program …. i paid thousands but not up front…. there fees were broke down into my payments throughout the program.
This is why I believe Suze is the money guru.
the Credit Score is a way for loan sharks to tell them how much of a big sucker fish you are.
the credit score tells them how much money they can make off you. if a bank or credit card company cannot make money off the interest, then they won’t loan you money.
so paying on time and to avoiding fines is not in your credit score best interest
Not all debt settlement companies are a fraud or out to get your money. Any reputable company would not charge you any up-front feesbefore they can offer you a solution. Analysis of your financial situation is the first step taken by them. However, with all the scam companies it is may be difficult to demarcate the fraud from otherwise. You need to do a bit of research and speak with customers of that company to see if they are worth working with.
My question is simple: how come people don’t get to buy their own bad debt for pennies on the dollar? Spread the question!
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us @ debt-freesolutions.blogspot.com
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us @ debt-freesolutions.blogspot.com
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us at debt-freesolutions.blogspot.com
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us at debt-freesolutions.blogspot.com
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us at debt-freesolutions.blogspot.com