When you're working with settlements and they make you fall behind (creditors won't settle unless you're deliquent) and the creditor sues you for non payment -- Think your settlement company still has your back? Think again. They walk-- taking your fees with them and now your stuck with legal action.
Debt settlements ruins your credit as does bankruptcy. So why wouldn't I see if a qualify (which most attorneys will tell you for FREE) and file on the debt and let the BK hurt my credit versus paying a settlement company 20% of my total debt and then paying settlement amounts and letting that hurt my credit. These videos do have some valid information to them but mostly its a settlement company twisting it into a commercial.
Why would you only want to take a secured loan against your house ONLY if you have A LOT of equity in your house? that much more to loose if you fail.
Also, in his workbook, he says if you go with a company to help you get out of debt, that their plan should give you: payments X number of months of payments should = More than what your debt is now. Gee, that's sounds really helpful to me. Go only with a company that will INCREASE your debt. What's up with this guy?
This guy might mean well, but he gives horrible advice...especially 2 and 5.
Follow Dave Ramsey's advice. I did and paid off over 60K in debt and kept it off for good. Debt is not a money thing, not a number thing...it is an emotional thing. You must do the emotional work to get out of debt...not play games with numbers.
When you're working with settlements and they make you fall behind (creditors won't settle unless you're deliquent) and the creditor sues you for non payment -- Think your settlement company still has your back? Think again. They walk-- taking your fees with them and now your stuck with legal action.
courtdiz25 11 months ago
Debt settlements ruins your credit as does bankruptcy. So why wouldn't I see if a qualify (which most attorneys will tell you for FREE) and file on the debt and let the BK hurt my credit versus paying a settlement company 20% of my total debt and then paying settlement amounts and letting that hurt my credit. These videos do have some valid information to them but mostly its a settlement company twisting it into a commercial.
courtdiz25 11 months ago
Why would you only want to take a secured loan against your house ONLY if you have A LOT of equity in your house? that much more to loose if you fail.
Also, in his workbook, he says if you go with a company to help you get out of debt, that their plan should give you: payments X number of months of payments should = More than what your debt is now. Gee, that's sounds really helpful to me. Go only with a company that will INCREASE your debt. What's up with this guy?
ICUC007 1 year ago
This guy might mean well, but he gives horrible advice...especially 2 and 5.
Follow Dave Ramsey's advice. I did and paid off over 60K in debt and kept it off for good. Debt is not a money thing, not a number thing...it is an emotional thing. You must do the emotional work to get out of debt...not play games with numbers.
TheGoalSetter 1 year ago
it good info
rarnoux1 1 year ago
thanks for helping me out.
leosmom78 2 years ago
Thank you.
wwe107 3 years ago