Debt Relief Company Isn't Relieving My $90,000 Debt!
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How old are you? You are so experienced and energetic.
Dave, your shows are better without these other guys. We come here for your advice as your are older and wiser than many of us. I have no interest in what someone my age thinks. Please take them off your program and go back to the old format. We DO NOT NEED THESE EXTRA GUYS!!!
I asked for Dave’s advise but to me it didn’t make sense. I can get a VA loan and buy a house with payments of $800 a month with zero down. Currently I pay $1550 a month in rent. His advisor said Dave is not a fan of VA loans so to buy a house I need 20% down on a 15 year mortgage. So it’s better to stay paying $1550 a month for quite a while or forever than to pay $800 a month for 30 years and gain equity in a house. I can also pay more than $800 a month and get the house paid off faster. I’m not following Dave’s advise on this issue.
I like this version of you Dave. I kind of understand what kind of People you help with your Hard stance on paying off debt if this is your customer Base.
6:42 Bruh 😂😂😂
This is the one guy who actually delivers pizzas before Dave could suggest it!
Bazinga!
And then Dave told him to stop and put more hours in as a mechanic.
Rikki Granger I do DoorDash as side hustle with a full time job cause Dave inspire me to be a delivery boy! Thanks to him, I am on my way to going to nursing school next year.
@@MarkZ_1985 DoorDash is an amazing side hussle (better than pizza) if you are smart about it. 5-9pm (preferably 5:30-8pm) Fri-Sun (perhaps more). I've easily made on average $20+/hour if not more.
Ha! My thoughts exactly
“You must gain control over your money or the lack of it will forever control you.”
-Dave Ramsey
I say if you don't handle your business, your business will handle you.
I used to work at a debt relief company. Only lasted about 2 months, they’re total scams. I didn’t feel good working there even though the management was amazing and everyone was nice. But I wouldn’t feel comfortable screwing people over and worsening their debt situation. I highly value my morals and ethics.
Otc the reason I stopped selling cars. Some people really couldn't afford that payment but management made us force the cars on them. Didn't like it at all
Cristian Delgado thanks
You only working 2months there does not show that debt settlement is a scam. Sounds like you were not a great fit..
@@ReliefRoadmap yeah I wasn’t a great fit because I don’t like to scam or screw people over 😂
@@LoneWolf-yg1mr Sorry you felt that way over my 20 years of service I still have clients thanking me for the knowledge and options they had to get back on track.. Definitely not for everyone but I proud to have helped families succeed to buy new home etc through settlement.. Much success to you hope you have a great week ...
“A bank is a place that will lend you money if you can prove that you don't need it.”
So true 😂😂😂
Great advice. I have family member who has just turned 17, I'm showing him that debt is dumb, hard work and discipline is the only way
@vincentrich - Banned But Not Forgotten think you missed the meaning of the quote....
Agreed. When they cant make enough money out of your debt they reject you.
Exactly.
Caller: “on the books I make probably 70”
*IRS has entered the call.*
The economy is in disarray; without the RFUSA assistance checks, I'm not sure how I would have been able to provide for my family and pay my bills. such aching pains
It's absurd that even the jobs aren't there to see; many of us are struggling, and taxes are likely to go up.
US Relief Funding They are a nonprofit organization run by the US Treasury that provides help checks to eligible Americans. I looked them up online after reading about them in the news and i contacted them. Thankfully, the program is still active, and I recently applied through one of their relief officer felipe gonzalez and was approved for a 5k check.
I looked up the ‘RFUSA’ online, great review, I contacted them got connected with a relief officer Felipe Gonzalez. Now I’m waiting on their response on how I can apply. Thank you for this info
I think I've heard of the RFUSA. are there any restrictions or conditions? To get by till I've finished paying off my bills, I could really use some extra cash.
I looked them up and its pretty easy to find them, i hope i am eligible for the relief. lets see how it goes
$70k income before delivering pizzas and now he’s making more than he owes and wants assistance in paying off his debt? Should’ve just paid on it like he was supposed to.
Facts
One hundred
If most did that, Dave wouldn't have a show lol shoulda coulda woulda
@@conquistador2 except most make less than they owe.
@@erkfx4154 yes for sure, it's a common theme.
Johns favorite line.... “I hear it in your voice”
Fr?
😂 y’all don’t like John at all i noticed
Lol he can be real irritating most the time
@@Jay-om8gr I think once you are a Save Ramsey die hard it takes a lot for these new personalities to be accepted. I like Chris Hogan but I find myself often saying "Dave would have done a better job with that call saying xyz."
@@Jay-om8gr not really
I used a debt consolidation company to handle two credit card debts I had,total was about 15k and interest was about to start kicking in,I ended up paying around 9k total to settle both debts without it going into collections and pay the fees to the company ,I was happy with the outcome
I’m looking into it with a company but I have reservations. I have about 22k in credit card debt and interest is about to kick in on most of them. Which company did you use?
@@sharishines99 ClearOne Advantage
Who did you go through?
Was almost about to sign up with a debt relief program, thankfully going to work it off before getting in cahoots with them
GOOD FOR YOU!!! IT'S A BIG SCAM!!!
Don't you know, if you pay $1.00 monthly TO YOUR CREDITORS.....AND NOT THIS DEBT SCAM, NO ONE can come after you. They will look at you making an effort to pay your debt.
One doesn't need, yet ANOTHER 'scam company' ripping you off. STAY AWAY FROM ALL THESE RIP-OFF SCAMS.
YOU'LL END UP PAYING MUCH MORE WITH THIS DEBT COMPANYS SCAM THAN WHAT YOU ACTUALLY OWE TO YOUR CREDITORS.
In about 1970 as a 20 year old I found myself face to face negotiating with a lawyer for a insurance company dept , I offered him $10 a fortnight to which he replied the company would never except that . My comeback was it was that or I was going to dump it into bankruptcy . To my surprise he excepted the $10 a month , I paid a few months and they offered me a payout for half which I couldn’t afford anyway , A few months later they offered it for a quarter which I took the Deal and settled the debt .
The year of free financial coaching is incredibly generous. This is part of what I really respect about Dave is how he really cares about people and gives way more than he takes.
Very true!
Debt relief companies are awful in my experience. I wasted a lot of time and money using them. Never again.
I say the same thing. I would never recommend them. They're a waste of time.
Credit card companies are like the equal and opposite. They are all leeches.
Same. It's a rip off.
sounds like you were not a great fit.. did. you get to pay off your DEBT?
@@goalie2998 getting a credit card is a choice of the CONSUMER ..
Don't do any credit counseling service. Whatever they call themselves debt relief whatever! It'll still take you forever to pay off your debt and you're giving them money to help you. I did this a long time ago and I got nowhere. I cut it off and realized the only person that's going to get you out of debt is you. Take time out. Don't buy anything. Save your money. Get your debt paid off. That's the only way. Don't ask for help. Businesses are in the business for themselves not to help you. And I'll say it again. The only person that's going to get you out of your debt is you!!!
There's no short cuts in finance. Everything is either free or can be done yourself.
I think being uncollateralized debt free is a short cut 😉
Dave is so good. I really appreciate what he is doing to help people.
Can we get a little more information fromt the callers when they have 90k in revolving debt? Was it temporary job loss? Did they consolidate other fixed debt into revolving debt? Did they impulse buy? or living costs? Living beyond means and above income? I think everyone who watches these types of shows are curious as to how the problem accumulated over time, not just the methods and approaches to killing the debt. You know what's even better than knowing how to become debt free? -- Knowing and teaching others how not to become debt burdened in the first place.
It's an 8 minute call. That's not typically going to happen in a live 8 minute call. His financial coaches will dive deeper into that in private over the next year.
To not be debt burdened is simple: Don’t ever spend money that you don’t have.
I suppose it would be better to say: Don’t spend someone else’s money, ever.
@@jeremiahmeade710 Our entire economy from the 19th century to present day has been based on "spending other peoples (investor) money." We have a capitalist society (capital!). If borrowing money wasn't a thing, we'd be lightyears behind where we are today. People borrow to invest in business, in research, or to invest in themselves by getting an education. To wait to save the vast amount of capital needed to finance ertain things would be impractical. All debt is not equal. Paying for something with some else's money which they get interest on isn't always bad. Financial trouble arises from spending other people's money on unnecessary things, things of depreciating value, and material things that add no real value to one's life. Compounding the problem would be poorly managing one's credit and having to financing this lifestyle at very high interest rates, which is the case for many of the callers. They buy things they dont need at high payments (and corresponding high APR's). "Don't spend money you don't have and don't spend someone else's money" are overly simplistic. If you've never borrowed a dime in your life, that's great for you but life for most people doesn't work that way.
Agreed, just the main category would be fine. I always wonder what they have the $100,000 worth of.
I was with a debt relief company for a few months before I cancelled. Like Dave said, everything they do, you can do for yourself.
Did they make canceling east or difficult? I’m in regret for making this decision on even thinking debt consolidation was a good route. The more research I’ve done, the more confident I feel on executing on my own.
@@BobbySee2 what's the name of the company? Also did they settle any accounts yet ?
i am truly blessed my mother did not allow me to get in debt ever! From 15 onwards I got all of my allowance for the year at the first January. First time i blew it the first 2 months. With 16 i knew how to do a budget. At 23 I was able to save 30.000€ by serving in the military. I am so glad i never had to experience this side of life. Teach your kids how to budget!
Yeah leaching off your parents and not having to pay any bills is a good way to save money 👍🏼
@@staniclol7063 Getting an allowance is leaching? Ok....
Dave: "Deliver pizzas"
Eric:"I already do"
Dave:" *stop delivering pizzas* "
“Sell the pizzas”
🤣🤣
Whatever he was doing wasn’t working
Sell the wife, burn the pizzas, beans and rice. In Jesus name, Amen.
- Dave Ramsay
@@RainbowManification You picked the wrong comment section fool! ..oh its just you Smoke whats up my brotha
I did this and wiped out $72k in credit debt for like $21k. It can be done!
Yea but the thing is you could all negotiated it all yourself w/o paying them. Their just a middle man. Everything you paid them was a waste
How can anyone be irresponsible enough with money to end up almost six figures in credit card debt. Jesus that's depressing.
For some people that’s worth the expense because it’s included in the payment schedule. Also, they negotiate much better deals than you could ever do yourself. For example some companies require you to put a deposit of hundreds, and then pay hundreds. Versus the legit companies can negotiate a much smaller monthly payment and you can keep more of your income every month to focus on rebuilding your credit and savings.
@run teldat that's still insanely irresponsible.
@run teldat disagree, both are irresponsible. The faults of a bank (or another person) don't absolve you of your own responsibilities.
This guy's gonna make it! Stay focused. You got this!
John always hears things in people's voices. Smh
😂😂😂😂
🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
🤭🤭
Lol the heaviness is loud and clear
😂😂 for real
Very grateful for all the genuine advice you’re giving, learning a lot from your videos 👍👍
14 months of 120 day lates, his credit is not destroyed, it is obliterated.
I am always baffled how many people are in credit card debt...wow. I am grateful that in my Ghanaian up bringing home, things were paid in cash or we don't buy it. Thanks grandma and mama for that valuable lesson.
The credit card company can still sue you while doing this. And if you settle you will get a 1099-C form to file with your yearly taxes
1099 means what for your taxes?
That’s what I tell people. A good company that does what they say they’re gonna do is not the worst thing ever
@@natalieoliver2280 It means the IRS will want you to pay TAX on the amount of credit forgiven. They count it as income when you stiff creditors.
Harry Verri thank you
I always told customers when I worked in collections for a bank that you should make arrangements directly with your bank. And yes these companies just let your credit cards charge off and then they will just settle them. But by then you got a 1099 and a charge off on your credit report.
People forget that part. If you owe 50K and settle for 10K , you get charged with 40K in income to the IRS. Ain't no free lunches!
Do you get a 1099 because the debt was “forgiven”?
I think Dave is remembering BK from a different time. My buddy went BK, it was super easy. Basically just “hire a lawyer, list all debts, go to the BK court hearing”. The judge bangs the gavel and you’re done. He thought it was awesome.
You and your organization, while technically for profit, are about the most exceedingly generous bunch I've ever seen! Respect!
Dave’s first words: OH NO
😂😂😂
I wanted to consolidate my credit card debts by borrowing from Lending club but was rejected and then they said there's plenty of help out there and quickly referred me to debt relief program. A tsunami of calls started coming in telling me that they can help me settle by stop paying them and they will help me negotiate but my credit will take a major hit. I was like I don't need to settle I just want a lower rate so I can save on some interest. They weren't the least interested! Debt relief companies made no sense to me and I'm so glad I refused.
What did you end up doing
@@jordans03 Wow! I totally forgot about this post. Since no reasonable lender was willing to extend me a loan all I was left with was good old discipline. What I did was I started cutting my expenses big time it was not easy and I had to sacrifice a lot. I started by paying off my balances with the highest interest first and it took me about 15 months to get it under 15% of my limit. Interestingly, once that happened most banks were very interested in offering me reasonable loans. Go figure! Just remember banks are not your friends they just want their $$$ and that's it.
@@jordans03they kept calling him and he eventually got on board
Sounds like he doesn't want to pay his debt.
@run teldat this is the point where it would make sense to just declare bankruptcy and stick it to the banks, then they won't get anything LOL.
Nick Johnson Why the LOL? What’s funny about not paying back money you borrowed?
He wants to settle for less which is not wrong considering the played him like a fool for even allowing 90,000 in debt. If he didn't want to settle then he would not be paying 1100+ a month for the program.
He'll be wanting to finance some big 4X4 real soon, as opposed to paying off all that pesky debt.
Sounds like he's brain dead.
I absoluteiy love this man, he is so inspiring.
I don't think these companies are incompetent. I think they know exactly what they're doing. I will beg the differ to say they are competent in doing exactly what they do and thats ripping people off.
Companies that prey on desperate people like this make me sick.
You mean ignorant people borrowing money, that's what it is.
@Global Economic Research It's both sides problem.
People should be responsible and then they wouldn't be desperate.
IT'S A BIG SCAM!!! Don't you know, if you pay $1.00 monthly TO YOUR CREDITORS.....AND NOT THIS DEBT SCAM, NO ONE can come after you. They will look at you making an effort to pay your debt.
One doesn't need, yet ANOTHER 'scam company' ripping you off. STAY AWAY FROM ALL THESE RIP-OFF SCAMS.
YOU'LL END UP PAYING MUCH MORE WITH THIS DEBT COMPANY'S SCAM THAN WHAT YOU ACTUALLY OWE TO YOUR CREDITORS
I COMPLETELY AGREE!!
IT'S A BIG SCAM!!! Don't you know, if you pay $1.00 monthly TO YOUR CREDITORS.....AND NOT THIS DEBT SCAM, NO ONE can come after you. They will look at you making an effort to pay your debt.
One doesn't need, yet ANOTHER 'scam company' ripping you off. STAY AWAY FROM ALL THESE RIP-OFF SCAMS.
YOU'LL END UP PAYING MUCH MORE WITH THIS DEBT COMPANY'S SCAM THAN WHAT YOU ACTUALLY OWE TO YOUR CREDITOR
Dave started off giving this guy great advice about filing bankruptcy but then went off the rails and told him how to pay off the debts which would just make this guy suffer for years. The guys credit will be shot for years if he pays off the debt but will go up in 6 months if he files now. After filing, get a couple of secured cards and immediately start using them wisely and in 6 months to a year this guy will have a 700+ credit score and lots of cash. Drop delivering pizzas and start enjoying life and don't go in debt again.
This can be cleaned up in 2-3 years. Living on 40k a year
He’s single, so doable
This happened to me about 20 years ago. I paid close $500 for the service and got nothing but a run around. You’re better off settling yourself.
At one point I was considering Freedom. They sounded legit. But, then I got to thinking --they aren't offering anything of value that I can't do myself. Besides, I can't afford to pay them to "work" for me.
These companies are shady. I just saw an OptimaTax Relief commercial where a guy owed the IRS 80k in back taxes but Optima settled it for 3k? What kind of crooked stuff is going on there...
You can make a settlement with the IRS if you have some cash. They will do a percentage on the dollar. You do not need Optima to do it.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@@TerriVess However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Lourd-Bab Oh please I’d love that. Thanks!.
@@TerriVess Clementina Abate Russo is her name.
Lookup with her name on the webpage.
I tried the rice and beans system and it didn't work for me for one year. I just stopped continuing just because I was always broke. The only debt I have is my car and I was sending so much money to my principal to bring the balance down but I just got tired being broke. I justake payments every two weeks on payday and it's working so far
Omg, I’m so glad I found this video. Thanks Dave you just saved my life. I was just about to call one of these jokers. Shit, dodged a bullet.
Although debt settlement can be an effective method for tackling overwhelming debt, it's important to recognize that it is not a one-size-fits-all solution. Each individual's or business's financial situation is unique. Therefore, it is essential to seek advice from financial professionals before deciding on debt settlement. Some situations might be better suited for other debt relief strategies, such as debt consolidation or credit counseling.
I was on a debt relief program few years ago...So far had been receiving updates & communication from them of what were the updates & transactions done...
Thank God I'm done with it.
Did you like the program? I just signed up yesterday and I’m feeling a little bit nervous about it all. Was it worth it?
@martineb6790 Yes...did it thru National Debt Relief...just an idea just don't declare small debts that you can pay yourself & atleast keep unused credit card that can be covered by your monthly budget.
Never use a debt relief company. (Personal experience) I used them for 3 months and withdrew from the program. Pls call the banks explain your hardship and settle for a program to pay the debt.
Does it work with personal debt . Or just CC debt ?
Can you ask for the CC to forgive part of the debt like he stated?
IT'S A BIG SCAM!!! Don't you know, if you pay $1.00 monthly TO YOUR CREDITORS.....AND NOT THIS DEBT SCAM, NO ONE can come after you. They will look at you making an effort to pay your debt.
One doesn't need, yet ANOTHER 'scam company' ripping you off. STAY AWAY FROM ALL THESE RIP-OFF SCAMS.
YOU'LL END UP PAYING MUCH MORE WITH THIS DEBT COMPANYS SCAM THAN WHAT YOU ACTUALLY OWE TO YOUR CREDITORS
I signed up for one of these debt settlement companies because I thought it was the fastest way to get out of debt. I was wrong, my credit stinks, and I probably could have saved money just by paying off the debt myself. Lucky for me, the debt relief company I am working with has actually settled the debts I brought into the program - and I do think my credit can be rebuilt. But, ugh, never ever ever again.
I started one 6 months ago, how long did they take to settle?
@@omarmorales804you commented this three years ago, what ended up happening ? Did it get resolved or did you back out?
@@omarmorales804how long did it take to settle?
"you're not dealing with intelligent life" Dave's sayings are so blunt...
I can't stop laughing!
My mom has signed up for a company like this. She is 70 years old retired and recieves about 2600 month. She pays the company close to 400 per month and recently after 3 months on the program she has been told that on top of the 400 she pays to the credit company she has to pay the minimum payment that is due on some of the accounts. I believe this is over 250. She was in bad shape before and now she is in worse shape. It just really makes me sick.
Omg that's terrible!! Your poor mom 😢
If she gets ssi she doesn't have to pay any of it back. They can't put a lean or garnish wages ssi is protected.
*Can someone answer a question for me?*
I have some medical debt. I get calls from a debt collector, but they say they work on behalf of the hosptial, to help them collect debt. Does this mean the debt was not sold to a 3rd party company for 5 cents on the dollar like credit card debt for example? This company has had the debt for maybe a year. Still when I offer them lump sums, even 50 cents on the dollar, they say the hospital hasn't approved the account for any discounts.
How does this work? I can't settle with these people!
I work at a hospital and we have our own finance department that calls people for their unpaid medical bills. This could be what is happening.
If you have a 401k you can request a hardship to pay medical debt and it’s tax free according to the IRS
My brother is a master technician for Hyundai and he tells all his young techs or apprentices to stay away from the Snap On truck. That truck will get you in trouble. My brother learned the hard way 20+ years turning wrenches. The only time to get something from the snap on truck if it’s a specialty must have tool and do not buy the toolboxes. Toolboxes don’t make you money as a technician only the tools do. He gets most of his stuff from harbor freight now.
Great advice Dave. I've got a similar problem but one of my creditors is suing me.
$1145 a month and they wasn’t helping him these ppl are scam artists taking his money and probably can’t get his money back cause he signed a contract....
Probably only putting 250 on the debt too! What a racket
But if he proves the debt relief company wasn't paying on his debts he agreed to he can demand his money back or threaten them with fraud and a lawsuit.
Debt settlement program worked for me depends what company you sign up with. I signed up with one that worked with a law firm.
How much debt? And how many year was you in program?
Been through bankruptcy twice. Once in my 20's for credit cards. Chapter 13 payback. Then in my late 30's to stop foreclosure on my house after stint of unemployment. Also Chapter 13.
How was that process? Is bankruptcy as bad as everyone is making it seem?
Stop getting into debt people, please!
I wanted to finance a truck yesterday then I watched couple of Ramsey videos. I made U-turn because I didn’t wanna make stupid decisions.
@@user-fz3dy7bp9d smart move! 👍🏾
Angry Tiger You made a smart choice it’s a truck not a house the value will just drop and drop and drop and you will be stuck paying it off for a long long time it’s like a mortgage but you dont get anything that has longterm value and instead lose money.
This is Dave in his element.
I love how simple Dave manages to make everything. Negotiating directly with a creditor sounds scary. But calling them and saying "I have $2,000, do you want it or not?" seems almost comically easy. At the end of the day, though, that's pretty much what it is.
That’s how I also felt about buying a car. Once I knew I could do the same thing, my car purchase has been nothing but the dealership eating out of my hand.
He makes too much money to qualify for Chapter 7 bankruptcy. The court will only allow him to do a chapter 13, which is a repayment option.
Idk. The Debt settlement Company I work with does a great job. U can do what Dave is saying the debt settlement co. just serves as a function to save time. Enjoy your day
Yeah? Which one is that?
@@airmaxair-max4993 national debt relief
@@roncur oh okay bet. Thanks
@@airmaxair-max4993 np
Dave Ramsey grossly overstates the downside or bankruptcy and is almost always better than debt settlement.
Yeah but then they start digging into things like, did you overstate your income on the application in order to get more credit... which is a felony, I'm pretty sure. A lot of people do that, and will get away with it, assuming they don't file bankruptcy on the debt.
@@mr.frandy7692 Bankruptcy fraud is a felony, but rarely prosecute and rarely seen. The amount of due diligence attorneys go through in bankruptcy screens out 99% of the bad apples.
These companies send me material constantly. They spin it as a consolidation approach, then they say “change terms” with the creditor. Hard pass.
At 1145 to the credit company he could of paid off at least 16,000 or settled some debt. That’s a lot of money to throw at nothing.
I love how the scenario turns to postive advice. It’ll be fun to add this in my VIDEO. 😉
Dr John is becoming my favorite personality on this show
He didn’t say anything. But he always hears things in peoples voice. SMH
My least favorite person on this show. 😂 I can’t believe Dave puts up with him.
Ramsey math in full effect after the 6:30 mark, first its 25 cents on the dollar (25%), then he says $2K on the $6K debt which is 33%. Then Dave says "you get the to 30 cents on the dollar, 20 cents on the dollar". Gee Dave, if he offers 33% on his first offer, how i he ever going to get them lower? I'm waiting for the DR video where all the math actually works!
I have heard Dave make this suggestion several times. I would like to hear from anyone who has had success getting a credit card company to settle. I've done some google searches and it seems that 25-30 cents on the dollar is very ambitious. 40-60 percent is maybe more realistic. Has anyone had success?
From a purely moral standpoint, I don't understand how paying 25 cents on every dollar you spent (or even just agreed to pay back) is that much better than not paying anything at all.
You could hear how much Dave cared and wanted to help this guy.
Middle class people are so effed. I'm glad I'm skipping middle class and going straight from poor to rich.
How are debt relief company's scammers? All they really are essentially are people who negotiate your debt settlements for you. That's it. They are for people who are going to go behind on their payments anyway because they were morons with their finances in the first place. Instead of negotiating yourself, you hire a debt relief company. It's a service. If you want to try to negotiate with all of them yourself, go for it. With a debt relief company, you are hiring experienced professionals who will get you the best settlement possible, if you go with a top-rated company in the US.
Debt relief worked for me. It's like doing what Ramsey just said but with a company that holds you accountable to send in your monthlies. Doing it on your own is like giving candy back to the one who just ate up the whole jar of candy. That person already has a record of not paying their debt! After 14 months of paying into the debt relief program, I wonder what happens to the money he left on the table that was not yet used to negotiate a debt.
Maybe he is the shister borrowing 90k making 100k and paying nothing back.
Wow! ...good conversation.
I don’t understand. How can your credit heal when you settled with all of them? Won’t that be on your credit history?
Terrible ppl ....I was looking into that but everybody is having bad experiences you might as well just negotiate with the companies yourself
70k, take home about 50k. Live off pizza money (24k). Sounds like can be done. I'd be worried learning to get off debt on dimes to the dollar encourages more debt.
I work at a Lender and we are required to let customers know the expectations of working g with a debt company. Because we know for a fact we aren’t going to get our money back, plus even more importantly, they are scams. I don’t even know why they are legal. But people brush of off because we’re the Lender and they hate the messenger and not the message.
He forgot to tell him to get the settlement in writing.
No, he told him.
How in tf does a single man end up with 90k in cc debt 🤔
As a single guy, you have 100k in cash and don't know what to do with it. 🤔BMW m4, steak and lobster dinners and 30k a year vacations. Dave's callers prove one point: the more you make the more you spend. Its never the income, it's the spending
Keeping up with the jones
Joshua simping on them hos
Snap on tool box
@@Jay-om8gr it's a joke🤔
I had allmost 7000 in c.card debt when I got disabled I paid it off took 5 years about 125 a month cant imagine what minimum payments are on 90000
Settling 90k with 25 k in cash (as Ramsey says that is realistic): _The phone calls may be a pain in the butt HOWEVER, but the time needed for it is really, really well._ He is making at least 60 - 65 k with these phone calls, if he is able to get rid of his debt within a year. Which amounts to a very highly paid job. - With his side hustle as mechanic he makes 48 k per year and 70 k (likely before taxes) with delivering pizza. I'd say he reduce the pizza delivery service to have time for the phone calls during day, he gets a bit more of the side hustles. Next year he can invest into becoming a better mechanic (training if need be) and then bringing in the big bucks.
i can't believe he said call the credit card company and say I have $2,000 ..do you want it? If not I'll move on to the next one.
He was better off filing for bankruptcy. Most of the money and usually upwards of 10k goes to the "lawyers". I'd rather deal with the public record and rebuild credit within 2 to 3 years which is doable.
Live on 50k throw 20k at the debt and be done in 5 or 6. 🤦♂️🤦♂️🤦♂️🤦♂️
That's too long.
@@jgbotwinick49 nope. Bankrupcty is for 500k in debt make 100k. His debt to income ratio is 0.9 to 1. He can slowly chip away. He sought Dave's advice at the right time.
Better jump on that diesel Mechanic, Facebook, Instagram, TikTok.
Let ppl know you got skills and can help put thier trucks back on the road ASAP
God bless you Dave
Ever wonder what they bought to run up their credit cards so high?
Oh you'd be surprised!
You probably have to ask their girlfriend......
You got this Eric !!! Do FPU
What about income taxes on the forgiven debt? He is single making $100K. Taxes could be an issue.
Dang how do you get 90k in debt? I can’t judge but just WOW!
My guess is party, women, stuff.
Better have a really amazing experiences.
Gambling 🤫🤫
I did try the debt settlement company for two account totaling 42,000. The main account they did settle for half. So 35,000 settlement 16,000 with their fees in all. HOWEVER!
The second account is where they failed me. Fully did everything I was instructed to do and they completely ignored the second account. And got a court ordered lien on my bank account. Got more help from the court clerks and great advance from the collector of the second account.
Basically learned that we can settle debt on our own and don’t need those companies.
Thanks to Dave Ramsey video clips I am now out of debt other then my mortgage.
I didn’t do his program officially but his show just kept me motivated.
Thanks for sharing Dave!
Funny thing going is, try ping this up I had to take a second look at the part where I had 42,000 credit card debt. Can’t believe I was there and am so happy it is gone.
Hello Dave Ramsey,
I listened to some of your program, I will be honest, I am not real familiar with your program, I just came a crossed it, because I am trying to get information regarding debt relief programs and bankruptcy. Long store short I am a retiree and I am in a financial struggle, and have been researching Debt Relief Program's and Bankruptcy. I have listened to what you did say briefly about the relief program. However what or where do you recommend for a Retiree to look into for some type of help, I do not qualify for a loan. Other than these two options. Thank you.
Is he not going to get any money back from the debt relief company?
I have a feeling they made him sign paperwork that forfeits his right to try to recover any of that if he terminates the deal early. That's probably what those companies hope for, so they get ALL of the money instead of just a percentage.
Used to work for a debt settlement program. The system we used was garbage and the company itself was kinda shady. Haha, almost everyone in the company looked depressed, except the supervisors and managers. I'd say at least half or most of the supervisors were not qualified for the position, but only got there by kissing up to the managers and hanging out with them outside work. Most of the supervisors didn't want to do their jobs either, they'd usually walk around the office goofing off away from their station and avoid calls that required a supervisor.
I have 3 credit cards - closed/charged off, most I owe between all them is 1700. Would calling them and negotiating a $400 debt be worth it or should I just pay in full?
How do you even get almost 100k in credit card debt?
There are some good debt relief companies. I've had one and they have good customer support, and are working pretty fast.
Which one?
Jaz Wafflez Bank of mom and dad.
Which one