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Credit Counseling or Debt Settlement?

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Uploaded by on Apr 2, 2008

You've seen the ads: credit counseling companies say they can help by getting your payments and interest rates lowered. Others claim they can get your debts wiped out entirely by settling them for pennies on the dollar. Money reporter Stacy Johnson takes an inside look at these companies.

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News & Politics

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Standard YouTube License

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  • Very interesting video. Very informative one.

  • @hugedebtrelief Debt settlement ruins your credit and you pay taxes to the IRS on the amount forgiven. If its too good to be true it probably is.

  • I believe that everyone can settle their own debt.

    I've seen it countless times and watched many people save themselves thousands of dollars while getting out of debt.

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