Get Out Of Loan Debt

Comment from FoxifiedNutjob
Time November 23, 2009 at 11:49 pm

This lady is a complete moron! She has some of the worst financial advice I’ve ever heard. If you owe more than 7-10k in debt and it will take you more than 6/7 years pay it off, file a chap 7 BEFORE you have judgments filed against you. Or if statute of limitations has expired, notify the collectors to stop bothering you and apply for new credit cards and begin rebuilding credit.

Don’t listen to this woman, she is a moron…

Comment from MiCasaMiDinero
Time November 24, 2009 at 4:31 pm

Companies looking to defraud people are never transparent on how they operate. The “.org” domain is widely viewed as a “non-profit” focused on educational side of business & not the commercial “for profit” side. Ur site is a “.org,” however the real company behind the scenes is “”Coastal Credit Solutions Inc” which is for profit. The initials for this company: CCS which could be very misleading to people looking for a real Consumer Credit Counseling Service “non-profit” agency member of the NFCC

Comment from MiCasaMiDinero
Time November 24, 2009 at 4:39 pm

Out of everyone who has posted disagreeing comments about the info provided in this video, is anyone of you a BK lawyer, a certified financial advisor, a credit counselor member of the NFCC or an employee of the credit bureaus who has access to the secret algorithm used to calculate FICO scores?

Didn’t think so!

Comment from G7130
Time December 1, 2009 at 10:06 pm

Sure she is, that is why she is successful and has managed fiances for fortune 500 companies. Its definitely because she is a moron…

Comment from brianedwards35
Time December 7, 2009 at 8:49 pm

lol……a question for MiCasaMiDinero…….if you have a 750 fico sore and you make 70 k a year…but you owe 80k in debt which means your debt to income ratio is high….that good credit score means nothing because nobody will loan you money because they look at you as a risk…..worrying about your credit score with a high DTI….is like worrying about your yard if your house is burning down….

Comment from MiCasaMiDinero
Time December 8, 2009 at 7:21 pm

brianedwards, where have I made a comment contrary to what you have stated?

Comment from whackchamp
Time December 26, 2009 at 8:17 am

ive been settling debts for people for 7 years now and this lady is not 100% correct, this lady probably never has been in a bad situation with credit cards, shes probably paid off by the credit card companies some how. the fact is a good settlement company will save you on an average of 70% depending on what credit cards you actually have, and YES people need to get paid for the work. there are about 10% of good companies out there ARE actually good, this is not an advertisement

Comment from mitchellberry
Time December 31, 2009 at 7:04 pm

My co. does NOT take an up front fee. The CC’s will settle at a BETTER with US than they will with the cust. We give them BULK. If you owe 30, you ACTUALLY owe 90k with interest. if we get you 15K with fees you ACTUALLY saved 75k. thats WORTH it. The loopholes ppl dont know, If you settle yourself, they will send the rest to collections 99% of the time. Most people DONT HAVE the money up front and CANT save the money on their own. if they COULD they wouldn’t BE in debt.

Comment from Alucardthedeadone
Time January 4, 2010 at 1:30 pm

Maybe not but it is the internet.

Comment from 407buddy
Time January 10, 2010 at 5:29 pm

Sorry folks, you have been had, peed on, scammed and lied to.
WallStreet bailouts were rigged and a fraud, market manipulations,
high freqency trading, flash orders, naked short selling by:
Goldman, JPM, Cit, MorgStanley, Aig, stay away from this scum.
The Fed, Comex, ETF’s, Govt data: frauds. Your labor devalued to Zero.
Pull your money out, walk away from your mortgage and CC card debt,
We can beat them at their own game, buy pure silver bullion,
buy local mom and pop. Starve The Beast!

Comment from ChiRock773
Time January 19, 2010 at 4:56 am

cant you do the same thing on your own instead of hiring a company to do it for you…just don’t pay the credit card and save the money on your own..then settle with the credit card companies….

why would you need a company or attorney….???????

Comment from ChiRock773
Time January 19, 2010 at 5:02 am

this lady makes perfect sense…Don’t listen to these idiots who think you need a company or an attorney….

Comment from ptgful
Time January 21, 2010 at 8:03 pm

pretty helpful information about debt and bankruptcy issues. for more info vist debtsolutionshome. com for free objective information regarding bankruptcies and debt solutions.
Thanks
God bless.

Comment from 407buddy
Time January 26, 2010 at 2:42 am

Family meeting folks, need to cut cost, OK how about canceling all insurance policies (frauds anyway) walk away from credit cards (Fico a fraud and slavery). Hey,..it’s just a pragmatic family business decision, Big banks do it all the time so they remain “liquid”. Think I’ll start me a family veggie garden, pop me a cool one and,… Oh well fuck it!

Comment from ferx2001
Time February 3, 2010 at 12:23 pm

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

Comment from f0rt0r
Time February 21, 2010 at 6:30 pm

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.

Comment from goyer2865
Time March 1, 2010 at 5:41 am

Who would the Canadian equivalent of this fine advise be?

Comment from sumitha0831
Time March 3, 2010 at 11:19 pm

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.

Comment from nfwvideo
Time March 4, 2010 at 7:44 pm

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)

Comment from EuphonyNotHate
Time March 7, 2010 at 1:08 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

Comment from urbantrendzsetter
Time March 13, 2010 at 12:24 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.

Comment from NYBankruptcy
Time March 18, 2010 at 3:34 pm

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.

Comment from Messiah717
Time March 18, 2010 at 8:35 pm

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.

Comment from MiCasaMiDinero
Time March 18, 2010 at 9:54 pm

@NYBankruptcy
Let 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

Comment from 2004mojo
Time March 27, 2010 at 4:24 pm

I really don’t get her saying have them “write paid in full on your account” /”have them say you don’t owe taxes”. Yeah like the IRS will just accept that! But Suzie Orman said ……Plus if they get the money how the hell do you know those companies are going to do all the things she said! Those companies aren’t looking to help you get your credit record to look good!