Debt Settlement Companies / 6 posts found
Money Management International Debt Management Program Tactics
In this video I discuss the platform Money Management International and provide a little history of its latest acquisition of Clearpoint Credit Counseling. In this video I also discuss some of the tactics used by MMI to get clients and their Debt Management Program. Although a non-profit they do have some strong tactics that individuals should be aware of.
Why A Debt Settlement Is A Bad Choice
In this video I give you 4 reasons to avoid Debt Settlement and Credit Card Settlement.. #1 A Debt Settlement ruins Your Credit Report # 2 If you settle on debt they will send you a 1099 for the difference. # 3 Credit Runs the world this is a fact. So when obtaining a debt settlement it paints a negative picture in the mind of the creditors you want to do business with. A debt settlement will also definitely hamper your chances for obtaining more credit in the future. #4 The debts you settle on could be sold and then […]
Freedom Debt Relief Is Dangerous…
Freedom Debt Relief-Freedom Debt Relief Company In this video I cover 3 distinct things you need to be aware of if you are looking for Freedom Debt Relief as an option to handle your credit and debt problems. #1 Freedom Debt Relief specializes in Debt Settlements – attempting to see if the creditor will take less than what is owed #2 Ruins your credit report nearly as severe as bankruptcy but without the clean start #3 Charges you a large amount up front and monthly and at the end you will still receive a 1099 if the creditors do agree […]
Debt Settlement Companies
In this video I discuss debt, in particular Debt Settlement Companies. I point out there is two things you should know about your Credit and a Debt Settlement Company Any amount that they settle for or forgive will be counted against you as earned income. There is no guarantee the creditor you are trying to settle with will take less. The last time I checked the rules that they made for the banks and Bankers don’t go to jail and bankers get bailed out. So remember these two things when you are thinking about using a Debt Settlement company.
What You Need To Ask A Debt Management Company
In this video I provide 5 questions you need to ask any debt management settlement or debt management company before choosing there program. #1 How will your program affect my credit report? #2 Will be there be any tax implications when using your program? #3 How much is your fees up front and or monthly? #4 Will your program payback 100% of the debt? #5 Who sets the guidelines for your program your company or the creditors?