If you are online looking for: – Debt Management Tips – how to get out of credit card debt – credit card consolidation – credit card relief – free credit rep…
Suze Orman gives excellent tips on how to settle up with credit card companies. Ms. Orman is NOT affiliated with Eltman, Eltman and Cooper – she works as a f…
Video Rating: 4 / 5
Thanks man……but I’m confused about how to get to the collection agency
in the first place. Do I just stop making payments and wait for them to
hassle me, or do I call the credit card companies and tell them I can no
longer make any payments, and wait for the collection agencies to come
calling?
Thanks man for the info. I would like to know if you contacted to
collection agency or credit card company?
Are Credit Card Settlement Companies a Scam?
Contact us 800-871-6817
I’m also in good credit standing and fortunately have not been sent to
collections as of yet but I do have almost $24,000 in credit card debt I
need to pay off and I’m really beginning to feel the squeeze. Can I
contact the banks personally to settle or does it have to go to collections
and risk destroying my credit?
Hello,
I watch this information…very cool stuff. Thanx.
Want the book
Did your credit score recover? Also were you able to get the collector to
report “paid in full” on your credit report?
Good info!!
Thank You!
Hey there, thanks for the info. I have a question.. you said you have done
this a few times. were your accounts in collection or did you deal directly
with your Creditcard company? any additional details is appreciated. Thanks
Which is a better option either to send this MONEY ORDER with the above
mentioned ‘note’ to the collection agency or to the original creditor
(credit card company)?
OMG just get to the point
Keep up the good work credithealthy101!
Thank you!! LOL, ya I suck at spelling 😉
Unfortunately some people, due to different circumstances, accrue debt. Of
course the best option is to never go into debt. But that is sometimes
easier said than done. If you have a large amount of debt the best thing
may be finding a reputable debt settlement company.
I’m also in good credit standing and fortunately have not been sent to
collections as of yet but I do have almost $24,000 in credit card debt I
need to pay off and I’m really beginning to feel the squeeze. Can I
contact the banks personally to settle or does it have to go to collections
and risk destroying my credit? HELP!!
living with debt is like following your own shadow…
but if you focus on the good way, you recive the solution too..
good video…
Thanks Suze
Trouble paying off your Credit Cards? Suze Orman has some good advice on
settling yourself with the credit card companies.
so… people spend more then what they have and dont have to worry about
paying it back?
this is so good
It is best to avoid getting into debt to begin with, but always pay douple
the payment if you cannot afford to pay it off at the end of the month. Get
an Amex charge card and not a credit card. Always pay with cash! If you
have a high balance on your credit card, try to pay it off within 12 months
or less and do not use it any more. Try to limit your self on what you can
afford and always assume every day that you will be poor and think about
before you charge.
Ha! I don’t consolidate my clients’ debts – I erase them!
Hello Miss Oman, can you please let us know how many credit card companies
tries to settle debts or entertain common peoples? They always create
pressure on common people and tries to recover extra money from them. Among
100 only a small ratio of 10-15 peoples are able to deal with credit card
companies and get better settlements offers. But what about rest, due to
this reason they file bankruptcy which they have never thought to do.
I’ve learnt so much over the past few years. I’ve learnt to analyse every
credit card statement for what banks are really charging compared to what I
am actually paying. One bank allowed me to go over my credit card limit and
didn’t decline the payment! I thought … wait… who’s managing my account
here?
I do debt collection for medical debt which is a whole new ball park people
so please understand her tips which are great don’t work to well for
medical debts : )
1) Make sure that you are in a settlement agreement, before writing the
check. Just writing on the check “Paid” WILL NOT COVER YOU. Some banks will
just cash it, some will refuse it 2) MOST banks will tell you they are not
going to update the credit report as paid in full, why would they? They
will also send you a 1099c for the IRS for claim of income if they bank
waives more than 600 bucks. 4) Make sure you get the settlement
documentation before you send money.
As a debt collector we always advise people about their poss tax liability,
but we also advise them of the 982b insolvency form. It’s a hardship form
so they don’t have a tax liability. Most of the time just talking to
collection agencies you can get great deals directly with them. I sometimes
settle people for 25%, for example 21k balance and we took 6k to let them
get it resolved. This is all dependant on what the creditor will allow,
because they write off the difference.
great advice.
how long did it take you? and how long did you have to wait until the
Collection companies contacted you? Thank you
awesome
I agree eldrama1, hell why bother.
$33k in credit card debt? omg!! I feel so much better about my $6k cc debt
now!!
kristin wiig brought me here
There is great information out there to help. I think we have all
experienced this once in our lifetime. I just needed help doing my debt
settlement. I found it took to much of my time and it was complicated. This
place had good information..Debt Go Away dot org
just stop watching televistion and buying shit and you won’t have these
problems.
So many people fall into credit card debt because when you are spending
it’s like you are not spending real money.
This video is awesome with full description & tips on how to settle up with
credit card
I understand that in life there are emergencies, and those emergency
payments can run up credit cards, but let’s be honest, a majority of
Americans are notin credit card debt because of that, but because they
don’t think before they spend. Its enough to drive you up a friggin’ wall.
i did this on my own…im debt free…I love Suze