Greg Debt Settlement – Straight Talk
Will debt settlement ruin my chances at getting a new job?
I am going to go through a debt settlement with my significant other as an alternative to bankruptcy. We're both young, and planning on advancing in our careers. Would a debt settlement work against our odds of landing the perfect job, even if we are the most qualified??
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Straight talk about debt settlement from a highly experienced industry executive.
Let’s discuss about debt settlement
Tags: card, credit, debt, settlement
This entry was posted on Friday, January 15th, 2010 at 5:29 am and is filed under Debt Settlement. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
9 Responses to “Greg Debt Settlement – Straight Talk”
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Great video. He covers all of the important topics regarding Debt settlement. I am a CDS (certified debt specialist) must say he is 100% correct.
Most of the debt repair/consolation/settlement companies want their fees up front and leave you credit trashed.
Check nfcc.org for listings legit non-profit credit counseling services. They can help you set up a budget and work out clearing up your debt.
You can tackle your debt yourself by putting every extra penny on the highest interest rate debt, while making minimum payments on the rest. When the highest is paid, move to the next, till they are all paid off.
It will take 2 or 3 years but if you work at it, you'll be out of debt with a good payment history.
The worst thing that can happen to you is that you will lose the case.
If your wife doesn't have a job, they can't garnish her wages.
If you own Real Property, they can put a lien against it.
Otherwise, lawsuit judgements can also be "settled" if the creditor agrees. Just because the plantiff wins the case doesn't mean you have to pay the entire judgement amount-it just gives the creditor more options to come after your assetts.
loving this…I am a settlement advisor and I know that this makes sense
Thank you!
I love it!
Why only talking about chapter 13 and not chapter 7 ????
Greg,
Top notch information! The Debt Professor approves!
How does debt settlement affect my credit score?