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MiCasaMiDinero (November 30, 1999 at 12:00 am)
@NYBankruptcyLet me guess....you would be the perfect person 2go2 instead of CCCS?Of course CCCS is funded by credit card companies. Why? Because they rather get paid some rather than none. If CCCS did not exist, consumers would simply TRY to file BK or do use a debt settlement company. If they could not BK, then they would get sued and end up in more financial trouble. CCCS organizations help the consumer work out a payment plan that can work for the consumer not the credit card company
Messiah717 (November 30, 1999 at 12:00 am)
If you're going to go the route of a service make sure it's a law firm. These companies that aren't law firm based are useless and complete scams.
NYBankruptcy (November 30, 1999 at 12:00 am)
The first half of this video contains excellent information and advice. However I don't agree with the advice to contact CCCS. Those companies are funded by the credit card industry and can't be trusted. If you are deep in debt consider the option of filing bankruptcy.
urbantrendzsetter (November 30, 1999 at 12:00 am)
Obviosly Suze Orman is not struggling to make payments on her CC debt. Typical of CNBC to support the banks to steer people that are suffering from their creditors back to them. Not once did she mention that the creditors want almost all of the money settled up front before making any arrangement for a payment plan.
EuphonyNotHate (November 30, 1999 at 12:00 am)
Someone tell this idiot lady that by consumers calling creditors its only going to make it worse. They will garnish you, open door to sue you! DO NOT DO WHAT this idiot is telling you. Do not go with a company that will have you be late on your payments. They are called debt settlement companies. The such scams like EFA or Metrons of the world. Do your research before going with a company. Go with someone who does not require trust account. Good luck and ignore this lady to avoid lawsuits/garnis
nfwvideo (November 30, 1999 at 12:00 am)
only problem with that is that a credit card company DOSE NOT have to deal with a debt settlement company and if i tell a CC company im in settlement they can SUE ME!! y is that? (sueing)
sumitha0831 (November 30, 1999 at 12:00 am)
Gail Vaz-Oxlade. She hosts a show on CNBC after Suze's show called "Till Debt do us Part." Though her show focuses more on couple's finances, she could give you tips and advice on how to better handle your money.
goyer2865 (November 30, 1999 at 12:00 am)
Who would the Canadian equivalent of this fine advise be?
f0rt0r (November 30, 1999 at 12:00 am)
I don't see how you could not afford credit card payments of $100/month or so and have $6k in the bank to settle with. If you had that much in the bank, you'd probably be able to make your monthly payments.
ferx2001 (November 30, 1999 at 12:00 am)
Suze is convincing... but if the lady in debt pays her minimum of $800 a month. And wants to save money to later negotiate directly with the creditor. She has to have a high income job. I did debt consolidation with a company and i was out of debt in 2 years and they reduced my monthly payment. It hurt my credit for a few years but I'm not in debt anymore. I'm no longer a slave to the credit card company's |
