Comments on: Debt Management: Debt Settlement a SCAM?

By: VF5

VF5 — Thu, 17 Dec 2009 03:33:43 +0000

The title is completely misleading! Debt settlement and debt consolidating are different!

By: alyssabradford

alyssabradford — Thu, 17 Dec 2009 02:50:51 +0000

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

By: bodine1231

bodine1231 — Thu, 17 Dec 2009 01:52:15 +0000

Very misleading,she is talking about settlement,NOT consolidation. Consolidation is just combining all of your credit cards and paying 1 monthly bill.

By: sce05

sce05 — Thu, 17 Dec 2009 00:52:39 +0000

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.

By: baddebtconsolidation

baddebtconsolidation — Thu, 17 Dec 2009 00:46:00 +0000

Have yo made use of a debt consolidation service? If so how do you find out about it? Did it work for you?

By: baddebtconsolidation

baddebtconsolidation — Thu, 17 Dec 2009 00:03:56 +0000

Interesting point you made, but have you gone through a similar experience and was it more successful than what Suze says here?

By: VF5

VF5 — Wed, 16 Dec 2009 23:10:24 +0000

Suze Orman is correct; just that the title of this video is misleading.

By: VF5

VF5 — Wed, 16 Dec 2009 22:47:25 +0000

I work for a non profit consumer credit counseling, so I know about consolidating and settling debt

By: VF5

VF5 — Wed, 16 Dec 2009 22:31:01 +0000

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.

By: mufaruk

mufaruk — Wed, 16 Dec 2009 21:34:10 +0000

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.