Debt and Credit Management	Other financial topics
Debt Consolidation, Management and Settlement Dealing with Creditors and Collection Agencies Get-out-of payday loan help Creditors and collection agency address book Credit Repair, credit score and credit reports Financial education through videos	Additional income, investment, shopping & budgeting Banking including help on chexsystems Identity theft - scams, security and training Getting a Loan and choosing a good lender Dealing with Student Loans US Tax system and impact on debt
Community success stories	Miscellaneous - Hangout forums
Winning stories with debtcc community Stories: How I accumulated debts	Expert articles - Community knowledge bank Debtcc Complaint center Pub, feedback and announcements Funny Videos - Hey you worked a lot, now laugh and relax

Financial education through videos

(Browse around youtube and add to your collection)

Credit Counseling or Debt Settlement? (Stacy Johnson) [2/10]

Please help us keep it clean: Report fully commercial videos by adding reply and voting it negative. We want helpful videos.

From moderator's desk
Editor's rating: 2/10

It talks about the difference between a credit counseling and debt settlement:

Credit counseling

Negotiates with the creditors
Repay full amount.
Long term plan.
Interest will get reduced.

Debt Settlement

Negotiates with the creditors
Repay a part of debt .. 40% to 60%
Short term plan.
Interest will become 0.

Also it asks you to be careful about the bad apples for both the options.

Last edited by Denny on Sat Apr 12, 2008 3:42 am

About Video : Youve 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

Duration : [ 1 mins 32 secs ]

Video submitted by : Denny
Denny's total Posts : 1718
Denny's Video Collection

Add to my videos

Do you recommend this video?

Yes

50%

[ 1 ]

50%

[ 1 ]

Total Votes : 2

Shazzers Moderator

Joined: 05 Dec 2007
Posts: 2585

Debtcc Points: 18760

Posted: Fri Apr 11, 2008 1:39 pm

Good info, and more or less, buyer beware, your paying for a service, check them out first. I think I would check the BBB first and go from there.

Denny Site Admin

Joined: 19 Oct 2004
Posts: 1718

Debtcc Points: 75465

Posted: Sat Apr 12, 2008 3:29 am

I don't find it very useful as it just talked about what is credit counseling or debt settlement. A person can under the terms by reading any article. What I expected from the video? 1) How one can decide between credit counseling and debt settlement? 2) Effect of both the plans on credit score? Overall only good for someone who is completely novice to debt settlement/credit counseling.



Page 1 of 1

Members Area

Quick Reply
Your Name
Subject
Message body

*Name:
*Email:
*Phone:
*Zip:
Debt

	* denotes required field

Internet's first get-out-of-debt community - members

Credit Counseling or Debt Settlement? (Stacy Johnson) [2/10]

Members Area

Free Debt Counseling

Ask the community

Question of the week

Useful Links

Highlighted Topics

Recent Blog Post