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Suze Orman’s Debt Consolidation Tips

February 20th, 2013 Leave a comment Go to comments

Suze Orman gives excellent tips on how to settle up with credit card companies. Ms. Orman is NOT affiliated with Eltman, Eltman and Cooper – she works as a financial broadcaster for CNBC (and as a best-selling author) – but we thought her advice here was helpful, so we uploaded the video to our channel. For more tips on how to get out of debt, check out our Eltman Eltman and Cooper main site, http://www.eltmanlaw.com. Thanks!

Duration : 0:9:22


[youtube ZlN7fmjXPyU]

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  1. sulivel
    February 20th, 2013 at 14:46 | #1

    Thank you, this …
    Thank you, this was a big help now I am confident to move forward with the right help.

  2. debtcc
    February 20th, 2013 at 14:46 | #2

    Hello Miss Oman, …
    Hello Miss Oman, can you please let us know how many credit card companies tries to settle debts or entertain common peoples? They always create pressure on common people and tries to recover extra money from them. Among 100 only a small ratio of 10-15 peoples are able to deal with credit card companies and get better settlements offers. But what about rest, due to this reason they file bankruptcy which they have never thought to do.

  3. rchgoepp
    February 20th, 2013 at 14:46 | #3

    As a debt …
    As a debt collector we always advise people about their poss tax liability, but we also advise them of the 982b insolvency form. It’s a hardship form so they don’t have a tax liability. Most of the time just talking to collection agencies you can get great deals directly with them. I sometimes settle people for 25%, for example 21k balance and we took 6k to let them get it resolved. This is all dependant on what the creditor will allow, because they write off the difference.

  4. pachita28
    February 20th, 2013 at 14:46 | #4

    how long did it …
    how long did it take you? and how long did you have to wait until the Collection companies contacted you? Thank you

  5. pachita28
    February 20th, 2013 at 14:46 | #5

    Hello there, did …
    Hello there, did you paid a lot of taxes?

  6. Jacob will
    February 20th, 2013 at 14:46 | #6

    Learn how to lower …
    Learn how to lower you credit card interest rates and pay your debt off faster ccnhelps.com from a former bank employee, no fees, no third parties.

  7. startmcatoday
    February 20th, 2013 at 14:46 | #7

    Why is everyone …
    Why is everyone talking about motorclubofamericasignup com ?
    Why is everyone talking about motorclubofamericasignup com ?
    Why is everyone talking about motorclubofamericasignup com ?

  8. Athena Goetter
    February 20th, 2013 at 14:46 | #8

    I understand that …
    I understand that in life there are emergencies, and those emergency payments can run up credit cards, but let’s be honest, a majority of Americans are notin credit card debt because of that, but because they don’t think before they spend. Its enough to drive you up a friggin’ wall.

  9. Corz illa
    February 20th, 2013 at 14:46 | #9

    credit is for fools …
    credit is for fools. its a trap. learn your lesson do not borrow from the devil, he will take your soul.!!!!! many moons ago we saved for things we wanted now we live on fiat fake $ and you will be owned by the banks for life. live within your means.

  10. Corz illa
    February 20th, 2013 at 14:46 | #10

    but if you dont …
    but if you dont have any $ to settle your fucked

  11. MrVostiothenjo
    February 20th, 2013 at 14:46 | #11

    We met some guys …
    We met some guys who knew what they were talking about. they are awesome and they have a free consultation that you can take advantage of by calling them at 888-652-1632 or 877-627-0538

  12. demonblood777
    February 20th, 2013 at 14:46 | #12

    I was also in …
    I was also in credit debt but then I found this number:
    877-635-1750 . The
    company is
    “Consolidated Credit
    Counselling”. They helped me to get out of my debt and tax relief, you can get benefitted as well,it is free to call. Good Luck!

  13. Cflower58
    February 20th, 2013 at 14:46 | #13

    awesome
    awesome

  14. rayzur9
    February 20th, 2013 at 14:46 | #14

    When you settle …
    When you settle debt, as per this advice, the collection company or original creditor files the amount written off with the IRS. They send you a form 1099-C, which is the amount written off, that is considered INCOME by the IRS and you must pay taxes on that income. I got a surprise 1099-C, AFTER filing the years taxes and had to file an amendment and pay more money to the IRS for taxes on this income…

  15. ECKon04
    February 20th, 2013 at 14:46 | #15

    kristin wiig …
    kristin wiig brought me here
    

  16. kingdiamond85
    February 20th, 2013 at 14:46 | #16

    I’ve learnt so much …
    I’ve learnt so much over the past few years. I’ve learnt to analyse every credit card statement for what banks are really charging compared to what I am actually paying. One bank allowed me to go over my credit card limit and didn’t decline the payment! I thought … wait… who’s managing my account here?

  17. odinstreet
    February 20th, 2013 at 14:46 | #17

    Ha! How funny is …
    Ha! How funny is this shit? Good ‘ol honest Suzy telling her viewers to make sure that after the debt is SETTLED the credit report reads PAID IN FULL so that future creditors don’t know that the account was settled and that therefore the person is a high risk. Come on Suzy. The person IS A HIGH RISK for God’s sake!
    Just because someone is informed and savvy enough to settle doesn’t negate the fact that they were also very irresponsible in getting into this debt bind in the first place.

  18. PayDayLoanStore1
    February 20th, 2013 at 14:46 | #18

    this is wy payday …
    this is wy payday loans are necessary

  19. patsaxon
    February 20th, 2013 at 14:46 | #19

    It is best to avoid …
    It is best to avoid getting into debt to begin with, but always pay douple the payment if you cannot afford to pay it off at the end of the month. Get an Amex charge card and not a credit card. Always pay with cash! If you have a high balance on your credit card, try to pay it off within 12 months or less and do not use it any more. Try to limit your self on what you can afford and always assume every day that you will be poor and think about before you charge.

  20. Kenneth Johnston
    February 20th, 2013 at 14:46 | #20

    Don’t be so stupid. …
    Don’t be so stupid. The credit companies sell off your outstanding debts to collection agencies and it starts all over again. These things can haunt you for 20 years. If they get a judgement then you can wind up with garnishments etc., depending on where you live. Either pay it, settle it, or go Chapter 7. Don’t let this crap ruin your life!

  21. djstevens24
    February 20th, 2013 at 14:46 | #21

    Owe 10k in …
    Owe 10k in unsecured debts ? Can afford 300 per month ? Call 888-629-8584

    Mon-Fri : 7:00 am to 5:00 pm

    Sat : 7:00 am to 10:00 am

    (all times Pacific)

  22. BuckeyeVA
    February 20th, 2013 at 14:46 | #22

    I’m doing this now …
    I’m doing this now while starting a new career with Primerica. If you are trying to make real money with a new career without having to go to college, contact me at ohiomoms.info today!

  23. MrGreenPoop1000
    February 20th, 2013 at 14:46 | #23

    Oh so she gives …
    Oh so she gives advice on how to solve personal debt but not NATIONAL debt. Suze Orman!
    “Look at my face! I’m such a concerned and serious liberal!” Hahahhaha what a cunt!!!!

  24. redcomusic
    February 20th, 2013 at 14:46 | #24

    She’s right about …
    She’s right about the mini-contract on the payment instrument. I actually use my own checks to occasionally (rarely!) settle with my clients’ creditors. However, my mini-contract explicitly states that not only does this check fully settles the account, but that the creditor must REMOVE this account from my clients’ credit reports.

    Really, Suze you gotta cover all bases! (Red G., Credit Repair Specialist)

  25. redcomusic
    February 20th, 2013 at 14:46 | #25

    Ha! I don’t …
    Ha! I don’t consolidate my clients’ debts – I erase them!

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