Debt Consolidation a SCAM?

Uploaded by: MiCasaMiDinero
Video Description:
Most debt consolidation companies do nothing better than simply ruin your fico score in order to settle your debt. If you really want to work with an agency that will help you reduce your debt, contact a company member of "CONSUMER CREDIT COUNSELING SERVICES" (CCCS)
More info at:
sccrealestateuncensored.com/2008/repair-credit-legally-remove-negative-accounts/
micasamidinero.com/2008/reparo-credito-eliminando-legalmente-cuentas-negativas/

Tags for this video: assistance bad cards casa collection collectors consolidate consolidation consolidation-loan counseling credit cures debt debts dinero elimination estate financial get-out-of-debt Help loan management mi micasa micasamidinero midinero money non-profit pay-off-credit-cards real sccrealestateuncensored uncensored

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Thank you for this. ( 2 months ago by SparklemotionX)

Thank you for this.

You're welcome ( 2 months ago by MiCasaMiDinero)

You're welcome

Always listen to ... ( 2 months ago by retroforever)

Always listen to Suze Orman!

unfortunately, ... ( 3 weeks ago by mb0276)

unfortunately, Suzie forgot to mention CCCS was created BY THE CREDIT CARD COMPANIES! If that girl continued paying the minimum of 800/month, it would take 25 years! anda total of 240K!!!! 2 years and a low credit score is not all that bad,,im no mathmatician, but all you need credit for is to buy a house and car..if u already have those,,ur all set.,,if not buy used cars and rent.

Array ( 3 weeks ago by MiCasaMiDinero)

mb0276,
Of course CCCS is funded by the big credit card companies. Wonder why? Because they rather get paid some money 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 a judgment and end up in more trouble. If they decided to use a debt settlement company then the credit score would be damanged just as bad.

Also, CCCS ... ( 3 weeks ago by MiCasaMiDinero)

Also, CCCS organizations help the consumer work out a payment plan that can work for the consumer not the credit card company.
In regards to your credit comment, you do need to keep your credit working. Meaning you need to show activity in order to have a good credit score. HOWEVER, you do not need to get into debt in order to have good credit. People need to realize that spending as low as $30-50 is enough to create activity on your credit account and history.

This girl settled ... ( 2 weeks ago by srp960)

This girl settled her $7000 debt in the 90's. How in the world was she able to get credit cards AGAIN and now she is $33,000 in debt.
This girl had the idea that she was never going to have to pay anyway.

The terms of the ... ( 3 days ago by MiCasaMiDinero)

The terms of the settlement can be negotiated. If one of those terms is to report the account as paid in full, they'll have to follow through.
However, it has to be in writing and not just in a plain conversation. This physical proof in writing may be used for the credit bureaus to rectify your credit report in case the creditor does not follow through with the promise of reporting the account as paid in full.
There are creditor that will do it and there are creditor that will not.Negotiate!

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