Credit Counseling or Debt Settlement? (Stacy Johnson) [2/10]
Date: Wed, 04/09/2008 - 23:12
Editor's rating: 2/10
It talks about the difference between a credit counseling and debt settlement:
Credit counseling
[list=1]
Negotiates with the creditors
Repay full amount.
Long term plan.
Interest will get reduced.
debt settlement
[list=1]
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.
It talks about the difference between a credit counseling and debt settlement:
Credit counseling
[list=1]
debt settlement
[list=1]
Also it asks you to be careful about the bad apples for both the options.
Good info, and more or less, buyer beware, your paying for a ser
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.
I don't find it very useful as it just talked about what is cred
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.