Debt Management: Debt Settlement a SCAM?

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...

problem fixed!

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.

debt consolidation and credit counseling can be helpful but many are way too far in debt to be helped.

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...

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.

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 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!!!! 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 '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