November 20th, 2009 | 
Author: 
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/
Duration : 0:9:22
Posted in debt consolidators | 
Tags: assistance, bad, cards, casa, collection, collectors, consolidate, consolidation, consolidation-loan, counseling, credit, cures, debt, debts, dinero, elimination, estate, financial, get-out-of-debt, Help, loan, management, mi, micasa, micasamidinero, midinero, money, non-profit, pay-off-credit-cards, real, sccrealestateuncensored, settlement, uncensored
problem fixed!
problem fixed!
This woman is the …
This woman is the devil in disguise…really. Look at her, see the horns?
Really though…this talks about DEBT SETTLEMENT NOT CONSOLIDATION…AT LEAST CALL IT WHAT IT IS ON THE TITLE…
There are proven …
There are proven ways to pay off your debt quickly and in doing so, repair your credit. Consolidating debt only prolongs the misery and payoff date. To get out of debt you need to spend less than you are making, what’s left over should be applied to the debt in just the opposite way that the bank makes money from us. Try using the banks tools against them…it works and I can show you how.
thank you, I am …
thank you, I am constantly amazed by the amount of people that listen to an obvious shill that props up their show on an audience of complete and total idiots who are finacially illiterate.
debt consolidation …
debt consolidation and credit counseling can be helpful but many are way too far in debt to be helped.
P.S.: As a former …
P.S.: As a former bank officer ANYONE enrolled in a debt consolidation/CCCS program was turned down. And usually needed to wait 12-24 months to re-establish their credit…
Finally, folks, ALL …
Finally, folks, ALL debt management programs hurt your credit. The banks lowering your credit limit hurts your credit; the banks closing your accounts and raising your rates hurts your credit too. So do you want to save money or stay in the rat race? Do your homework and do what is best for you
The only things …
The only things dear ole Suzy said that was correct. Any company that charges an upfront fee and a monthly fee like the one in the video probably is not the best idea. And yes in settlement you can have a tax liability. Thats the 2% accuracy. But in another video she says that if your insolvent/hardship. The IRS will not force you to pay taxes.
Suze is 98% wrong!! …
Suze is 98% wrong!!!! She is the paid spokesperson for FICO. Ive been in finance for over 20 years; ANYONE enrolled in CCCS will have damaged credit. Each account enrolled is reported with an intervention statement. Dont believe me, go to a CCCS website and check the FAQs. They state they dont report, but the creditors do For goodness sake CCCS is paid by the credit card companies. They are a non profit so check their books. Its a glorified collection agency.
A large majority of …
A large majority of ‘facts’ in this video are incorrect or misleading. All of them direct you basically to pay the banks as much as possible.
Facts:
1. Banks would rather negotiate with you then a professional company because a professional WILL get them to settle for less(20-50%)
2. CCCS will freeze your credit anyway, if not ‘damage’ it, and again, banks make more money when you pay in full via CCCS then settlement.
3. Suze here is on the take from FICO. Knew it when I listened, found ver
I will never advise …
I will never advise a lay person to watch this video and be misled, she is talking in a particular context; first she should clarify what she is talking about; any good presentation starts with definition of terms and scope of presentation.
You are correct. …
You are correct. And just to add, if one really needs to settle as their only option, it is better to contact the creditor and ask for settlement themselves. No need to work with any settlement company because it won’t do anything good.
I work for a non …
I work for a non profit consumer credit counseling, so I know about consolidating and settling debt
Suze Orman is …
Suze Orman is correct; just that the title of this video is misleading.
I have to agree …
I have to agree with you there!
Interesting point …
Interesting point you made, but have you gone through a similar experience and was it more successful than what Suze says here?
Have yo made use of …
Have yo made use of a debt consolidation service? If so how do you find out about it? Did it work for you?
What she doesn’t …
What she doesn’t mention is that not evryone qualifies for a debt management plan and in some instances settlement and bk are the only option.
Very misleading,she …
Very misleading,she is talking about settlement,NOT consolidation. Consolidation is just combining all of your credit cards and paying 1 monthly bill.
A good reputable …
A good reputable debt settlement company will “NOT” charge you an upfront fee!! Most cc companies will not settle with a consumer, they mostly make a deal on the interest that they and then compound that interest at the end of the deal. DS uses collective bargaining… Do your homework Suze!! Writing an agreement on your check mean NOTHING! Check out Banking regulations! You get a letter of the terms prior to sending a creditor anything! They do not have jurisdiction over the IRS.Come on
The title is …
The title is completely misleading! Debt settlement and debt consolidating are different!
The title is a …
The title is a little ridiculous to say debt consolidation is a scam. Yes there are some rogue companys but there are others who can be very helpful
don’t own a credit …
don’t own a credit card, if just that simple
i have owned one in the past and got rid of it as soon as i first used it for a large payment
suze makes a nice …
suze makes a nice milf.
this is so much fun …
this is so much fun…..hell with the cards