Debt Relief Company Isn't Relieving My $90,000 Debt!

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  • เผยแพร่เมื่อ 23 ธ.ค. 2024

ความคิดเห็น • 589

  • @TheRamseyShow
    @TheRamseyShow  4 ปีที่แล้ว +21

    Get life-changing financial advice anytime, anywhere. Subscribe today: th-cam.com/users/TheDaveRamseyShow

    • @旮旯北京
      @旮旯北京 4 ปีที่แล้ว

      How old are you? You are so experienced and energetic.

    • @KyleJett
      @KyleJett 4 ปีที่แล้ว

      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!!!

    • @catherinesegovia3255
      @catherinesegovia3255 4 ปีที่แล้ว

      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.

    • @MrWololo90
      @MrWololo90 4 ปีที่แล้ว

      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.

    • @banginzaza
      @banginzaza 2 ปีที่แล้ว

      6:42 Bruh 😂😂😂

  • @dr.bradshaw
    @dr.bradshaw 4 ปีที่แล้ว +501

    This is the one guy who actually delivers pizzas before Dave could suggest it!

    • @justinacase2623
      @justinacase2623 4 ปีที่แล้ว +9

      Bazinga!

    • @calzonemoto4651
      @calzonemoto4651 4 ปีที่แล้ว +27

      And then Dave told him to stop and put more hours in as a mechanic.

    • @MarkZ_1985
      @MarkZ_1985 4 ปีที่แล้ว +32

      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.

    • @GamingTaylor
      @GamingTaylor 4 ปีที่แล้ว +6

      @@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.

    • @nicole4779
      @nicole4779 4 ปีที่แล้ว +1

      Ha! My thoughts exactly

  • @MuffinMan0521
    @MuffinMan0521 3 ปีที่แล้ว +82

    Caller: “on the books I make probably 70”
    *IRS has entered the call.*

  • @QuestionEverythingButWHY
    @QuestionEverythingButWHY 4 ปีที่แล้ว +292

    “A bank is a place that will lend you money if you can prove that you don't need it.”

    • @JohnDoe-gc1kt
      @JohnDoe-gc1kt 4 ปีที่แล้ว +11

      So true 😂😂😂

    • @RiftSecurity01
      @RiftSecurity01 4 ปีที่แล้ว +11

      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

    • @jherm9300
      @jherm9300 4 ปีที่แล้ว +10

      @vincentrich - Banned But Not Forgotten think you missed the meaning of the quote....

    • @rubyruby1847
      @rubyruby1847 4 ปีที่แล้ว

      Agreed. When they cant make enough money out of your debt they reject you.

    • @MsJoyce31202
      @MsJoyce31202 4 ปีที่แล้ว

      Exactly.

  • @LoneWolf-yg1mr
    @LoneWolf-yg1mr 4 ปีที่แล้ว +182

    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.

    • @devinrgarcia86
      @devinrgarcia86 4 ปีที่แล้ว +27

      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

    • @dinhle1588
      @dinhle1588 3 ปีที่แล้ว +1

      Cristian Delgado thanks

    • @ReliefRoadmap
      @ReliefRoadmap ปีที่แล้ว +12

      You only working 2months there does not show that debt settlement is a scam. Sounds like you were not a great fit..

    • @LoneWolf-yg1mr
      @LoneWolf-yg1mr ปีที่แล้ว +11

      @@ReliefRoadmap yeah I wasn’t a great fit because I don’t like to scam or screw people over 😂

    • @ReliefRoadmap
      @ReliefRoadmap ปีที่แล้ว +9

      @@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 ...

  • @QuestionEverythingButWHY
    @QuestionEverythingButWHY 4 ปีที่แล้ว +194

    “You must gain control over your money or the lack of it will forever control you.”
    -Dave Ramsey

    • @justinacase2623
      @justinacase2623 4 ปีที่แล้ว +4

      I say if you don't handle your business, your business will handle you.

  • @skunkycatog
    @skunkycatog 4 ปีที่แล้ว +136

    Johns favorite line.... “I hear it in your voice”

    • @Jay-om8gr
      @Jay-om8gr 4 ปีที่แล้ว +2

      Fr?

    • @Jay-om8gr
      @Jay-om8gr 4 ปีที่แล้ว +19

      😂 y’all don’t like John at all i noticed

    • @marvincash3035
      @marvincash3035 4 ปีที่แล้ว +18

      Lol he can be real irritating most the time

    • @triad6425
      @triad6425 4 ปีที่แล้ว +7

      @@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."

    • @jaybrook07
      @jaybrook07 4 ปีที่แล้ว

      @@Jay-om8gr not really

  • @sandrachivel
    @sandrachivel ปีที่แล้ว +662

    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

    • @nectarcityking
      @nectarcityking ปีที่แล้ว

      It's absurd that even the jobs aren't there to see; many of us are struggling, and taxes are likely to go up.

    • @sandrachivel
      @sandrachivel ปีที่แล้ว +1

      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.

    • @colemanjnr
      @colemanjnr ปีที่แล้ว

      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

    • @Eganthegod
      @Eganthegod ปีที่แล้ว

      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.

    • @Tinarayy
      @Tinarayy ปีที่แล้ว

      I looked them up and its pretty easy to find them, i hope i am eligible for the relief. lets see how it goes

  • @Wombats-1
    @Wombats-1 4 ปีที่แล้ว +173

    Dave "your gonna deliver pizzas instead of sleeping"
    Guy "I already deliver pizza"
    Dave "get a second pizza delivery job"

    • @JustineCarissa
      @JustineCarissa 4 ปีที่แล้ว +8

      LOL! 😂

    • @COOCA2002
      @COOCA2002 ปีที่แล้ว

      @@JustineCarissa, this episode was hilarious!

    • @latinsizer
      @latinsizer 10 หลายเดือนก่อน

      Pizza delivery guy with 90k on debt. How?!

  • @erkfx4154
    @erkfx4154 4 ปีที่แล้ว +150

    $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.

    • @levisnguyen1363
      @levisnguyen1363 4 ปีที่แล้ว +4

      Facts

    • @bobsmith1841
      @bobsmith1841 4 ปีที่แล้ว +3

      One hundred

    • @conquistador2
      @conquistador2 4 ปีที่แล้ว +14

      If most did that, Dave wouldn't have a show lol shoulda coulda woulda

    • @erkfx4154
      @erkfx4154 4 ปีที่แล้ว +1

      @@conquistador2 except most make less than they owe.

    • @conquistador2
      @conquistador2 4 ปีที่แล้ว +1

      @@erkfx4154 yes for sure, it's a common theme.

  • @timstort8223
    @timstort8223 ปีที่แล้ว +28

    Was almost about to sign up with a debt relief program, thankfully going to work it off before getting in cahoots with them

    • @MaureenSchorsch-b2s
      @MaureenSchorsch-b2s 2 หลายเดือนก่อน

      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.

  • @lauralapsley5839
    @lauralapsley5839 4 ปีที่แล้ว +130

    Debt relief companies are awful in my experience. I wasted a lot of time and money using them. Never again.

    • @pic376
      @pic376 4 ปีที่แล้ว +5

      I say the same thing. I would never recommend them. They're a waste of time.

    • @goalie2998
      @goalie2998 4 ปีที่แล้ว +5

      Credit card companies are like the equal and opposite. They are all leeches.

    • @tonylama2012
      @tonylama2012 4 ปีที่แล้ว

      Same. It's a rip off.

    • @ReliefRoadmap
      @ReliefRoadmap ปีที่แล้ว +2

      sounds like you were not a great fit.. did. you get to pay off your DEBT?

    • @ReliefRoadmap
      @ReliefRoadmap ปีที่แล้ว

      @@goalie2998 getting a credit card is a choice of the CONSUMER ..

  • @jgbotwinick49
    @jgbotwinick49 4 ปีที่แล้ว +23

    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.

  • @diahill1945
    @diahill1945 4 ปีที่แล้ว +16

    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 .

  • @benreilly595
    @benreilly595 4 ปีที่แล้ว +114

    John always hears things in people's voices. Smh

    • @mercybadoe3086
      @mercybadoe3086 4 ปีที่แล้ว +9

      😂😂😂😂

    • @dabd8175
      @dabd8175 4 ปีที่แล้ว +5

      🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣

    • @tishr9670
      @tishr9670 4 ปีที่แล้ว +1

      🤭🤭

    • @KARIMALH1
      @KARIMALH1 4 ปีที่แล้ว +4

      Lol the heaviness is loud and clear

    • @Sheyla-yw2jr
      @Sheyla-yw2jr 4 ปีที่แล้ว +3

      😂😂 for real

  • @zachhawkins5005
    @zachhawkins5005 3 ปีที่แล้ว +68

    Dave: "Deliver pizzas"
    Eric:"I already do"
    Dave:" *stop delivering pizzas* "

    • @Cosmo87-
      @Cosmo87- 3 ปีที่แล้ว +5

      “Sell the pizzas”

    • @fatfullday
      @fatfullday 3 ปีที่แล้ว +2

      🤣🤣

    • @420terrence
      @420terrence 2 ปีที่แล้ว

      Whatever he was doing wasn’t working

    • @RainbowManification
      @RainbowManification 2 ปีที่แล้ว +3

      Sell the wife, burn the pizzas, beans and rice. In Jesus name, Amen.
      - Dave Ramsay

    • @zachhawkins5005
      @zachhawkins5005 2 ปีที่แล้ว

      @@RainbowManification You picked the wrong comment section fool! ..oh its just you Smoke whats up my brotha

  • @RolandMIA71
    @RolandMIA71 8 หลายเดือนก่อน +9

    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

    • @sharishines99
      @sharishines99 6 หลายเดือนก่อน

      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?

    • @RolandMIA71
      @RolandMIA71 6 หลายเดือนก่อน +3

      @@sharishines99 ClearOne Advantage

    • @MichaelMorin-jm1qy
      @MichaelMorin-jm1qy 3 หลายเดือนก่อน

      Who did you go through?

  • @runescaperocks48
    @runescaperocks48 4 ปีที่แล้ว +42

    There's no short cuts in finance. Everything is either free or can be done yourself.

    • @Chinese080808
      @Chinese080808 4 ปีที่แล้ว

      I think being uncollateralized debt free is a short cut 😉

  • @Raistlinsdragonclaw
    @Raistlinsdragonclaw 4 ปีที่แล้ว +6

    Dave is so good. I really appreciate what he is doing to help people.

  • @takedashingjen4402
    @takedashingjen4402 4 ปีที่แล้ว +31

    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!

    • @staniclol7063
      @staniclol7063 2 ปีที่แล้ว

      Yeah leaching off your parents and not having to pay any bills is a good way to save money 👍🏼

    • @takedashingjen4402
      @takedashingjen4402 2 ปีที่แล้ว +1

      @@staniclol7063 Getting an allowance is leaching? Ok....

  • @mr.speyside5240
    @mr.speyside5240 4 ปีที่แล้ว +58

    I did this and wiped out $72k in credit debt for like $21k. It can be done!

    • @edb484
      @edb484 4 ปีที่แล้ว +7

      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

    • @lovelygrl400
      @lovelygrl400 4 ปีที่แล้ว +10

      How can anyone be irresponsible enough with money to end up almost six figures in credit card debt. Jesus that's depressing.

    • @Tiff-vi9kx
      @Tiff-vi9kx 4 ปีที่แล้ว +10

      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.

    • @lovelygrl400
      @lovelygrl400 4 ปีที่แล้ว +2

      @run teldat that's still insanely irresponsible.

    • @lovelygrl400
      @lovelygrl400 4 ปีที่แล้ว +2

      @run teldat disagree, both are irresponsible. The faults of a bank (or another person) don't absolve you of your own responsibilities.

  • @markyouneva7840
    @markyouneva7840 4 ปีที่แล้ว +48

    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.

    • @jgbotwinick49
      @jgbotwinick49 4 ปีที่แล้ว +2

      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.

    • @jeremiahmeade710
      @jeremiahmeade710 4 ปีที่แล้ว +5

      To not be debt burdened is simple: Don’t ever spend money that you don’t have.

    • @jeremiahmeade710
      @jeremiahmeade710 4 ปีที่แล้ว +3

      I suppose it would be better to say: Don’t spend someone else’s money, ever.

    • @markyouneva7840
      @markyouneva7840 4 ปีที่แล้ว +4

      ​@@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.

    • @thecatnextdoor12
      @thecatnextdoor12 4 ปีที่แล้ว +4

      Agreed, just the main category would be fine. I always wonder what they have the $100,000 worth of.

  • @AmoraLili
    @AmoraLili 4 ปีที่แล้ว +20

    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.

    • @BobbySee2
      @BobbySee2 2 ปีที่แล้ว +1

      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.

    • @georgemedina3712
      @georgemedina3712 ปีที่แล้ว

      @@BobbySee2 what's the name of the company? Also did they settle any accounts yet ?

  • @simonbelmont1
    @simonbelmont1 4 ปีที่แล้ว +7

    This guy's gonna make it! Stay focused. You got this!

  • @AmisCooking
    @AmisCooking 4 ปีที่แล้ว +9

    Very grateful for all the genuine advice you’re giving, learning a lot from your videos 👍👍

  • @riblets1968
    @riblets1968 4 ปีที่แล้ว +11

    You and your organization, while technically for profit, are about the most exceedingly generous bunch I've ever seen! Respect!

  • @Essentialoils4ujess-weagle
    @Essentialoils4ujess-weagle 4 ปีที่แล้ว +19

    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

    • @natalieoliver2280
      @natalieoliver2280 4 ปีที่แล้ว

      1099 means what for your taxes?

    • @roncur
      @roncur 4 ปีที่แล้ว

      That’s what I tell people. A good company that does what they say they’re gonna do is not the worst thing ever

    • @56redjets
      @56redjets 4 ปีที่แล้ว +7

      @@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.

    • @natalieoliver2280
      @natalieoliver2280 4 ปีที่แล้ว

      Harry Verri thank you

  • @mattsmillennialmoney39
    @mattsmillennialmoney39 4 ปีที่แล้ว +37

    Dave’s first words: OH NO
    😂😂😂

  • @naturalbeauty_abena1230
    @naturalbeauty_abena1230 4 ปีที่แล้ว +60

    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.

  • @lizetterocha2587
    @lizetterocha2587 4 ปีที่แล้ว +15

    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.

    • @justinacase2623
      @justinacase2623 4 ปีที่แล้ว +8

      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!

    • @thevibe7415
      @thevibe7415 ปีที่แล้ว

      Do you get a 1099 because the debt was “forgiven”?

  • @jmorris023
    @jmorris023 4 ปีที่แล้ว +8

    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.

  • @realazduffman
    @realazduffman 4 ปีที่แล้ว +33

    14 months of 120 day lates, his credit is not destroyed, it is obliterated.

  • @mikegarrens5286
    @mikegarrens5286 4 หลายเดือนก่อน +4

    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!!!

  • @1redrubberball
    @1redrubberball 4 ปีที่แล้ว +79

    Sounds like he doesn't want to pay his debt.

    • @edwardlopez9061
      @edwardlopez9061 4 ปีที่แล้ว +6

      @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.

    • @Mr._X84
      @Mr._X84 4 ปีที่แล้ว +2

      Nick Johnson Why the LOL? What’s funny about not paying back money you borrowed?

    • @ModoNayr
      @ModoNayr 4 ปีที่แล้ว +4

      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.

    • @matthewgardner2144
      @matthewgardner2144 4 ปีที่แล้ว +1

      He'll be wanting to finance some big 4X4 real soon, as opposed to paying off all that pesky debt.

    • @edkennedy7952
      @edkennedy7952 4 ปีที่แล้ว

      Sounds like he's brain dead.

  • @Chinese080808
    @Chinese080808 4 ปีที่แล้ว +13

    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.

    • @jordans03
      @jordans03 ปีที่แล้ว

      What did you end up doing

    • @Chinese080808
      @Chinese080808 ปีที่แล้ว

      @@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.

    • @Chriswilson-vg6vp
      @Chriswilson-vg6vp 8 หลายเดือนก่อน

      @@jordans03they kept calling him and he eventually got on board

  • @PI1901
    @PI1901 4 ปีที่แล้ว +14

    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.

  • @davidliang913
    @davidliang913 4 ปีที่แล้ว +38

    Companies that prey on desperate people like this make me sick.

    • @mohammadwasilliterate8037
      @mohammadwasilliterate8037 4 ปีที่แล้ว +3

      You mean ignorant people borrowing money, that's what it is.

    • @crash4dafun
      @crash4dafun 4 ปีที่แล้ว +1

      @Global Economic Research It's both sides problem.

    • @jayh40515
      @jayh40515 4 ปีที่แล้ว +1

      People should be responsible and then they wouldn't be desperate.

    • @MaureenSchorsch-b2s
      @MaureenSchorsch-b2s 2 หลายเดือนก่อน

      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

    • @MaureenSchorsch-b2s
      @MaureenSchorsch-b2s 2 หลายเดือนก่อน

      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

  • @tinylittlebutstillalion4101
    @tinylittlebutstillalion4101 4 ปีที่แล้ว +17

    I absoluteiy love this man, he is so inspiring.

  • @inthevault9603
    @inthevault9603 4 ปีที่แล้ว +4

    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.

  • @cheezybred
    @cheezybred 4 ปีที่แล้ว +25

    This can be cleaned up in 2-3 years. Living on 40k a year

  • @ThePatriots010304
    @ThePatriots010304 4 ปีที่แล้ว +2

    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...

    • @heidithaw1072
      @heidithaw1072 4 ปีที่แล้ว

      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.

  • @ReliefRoadmap
    @ReliefRoadmap ปีที่แล้ว +3

    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.

  • @Lourd-Bab
    @Lourd-Bab หลายเดือนก่อน +279

    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.

    • @TerriVess
      @TerriVess หลายเดือนก่อน

      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

    • @Lourd-Bab
      @Lourd-Bab หลายเดือนก่อน

      @@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.

    • @TerriVess
      @TerriVess หลายเดือนก่อน

      @@Lourd-Bab Oh please I’d love that. Thanks!.

    • @Lourd-Bab
      @Lourd-Bab หลายเดือนก่อน

      @@TerriVess Clementina Abate Russo is her name.

    • @Lourd-Bab
      @Lourd-Bab หลายเดือนก่อน

      Lookup with her name on the webpage.

  • @heididiego3719
    @heididiego3719 4 ปีที่แล้ว +3

    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

  • @billkindig137
    @billkindig137 4 ปีที่แล้ว +5

    *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!

    • @UnwittingMango
      @UnwittingMango 4 ปีที่แล้ว

      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.

    • @movingonbeyond4248
      @movingonbeyond4248 4 หลายเดือนก่อน

      If you have a 401k you can request a hardship to pay medical debt and it’s tax free according to the IRS

  • @citricdolphin
    @citricdolphin 4 ปีที่แล้ว +37

    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.

    • @scienceofsound
      @scienceofsound 11 หลายเดือนก่อน

      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.

  • @christofl6523
    @christofl6523 4 ปีที่แล้ว +24

    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.

  • @JanuaryB6647
    @JanuaryB6647 ปีที่แล้ว

    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.

  • @Skarz9338
    @Skarz9338 3 ปีที่แล้ว +4

    Debt settlement program worked for me depends what company you sign up with. I signed up with one that worked with a law firm.

    • @Chriswilson-vg6vp
      @Chriswilson-vg6vp 8 หลายเดือนก่อน +1

      How much debt? And how many year was you in program?

  • @rogergelwicks4684
    @rogergelwicks4684 4 ปีที่แล้ว +5

    This is Dave in his element.

  • @sailorsallyrockinrarity2130
    @sailorsallyrockinrarity2130 4 ปีที่แล้ว +4

    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.

    • @omarmorales804
      @omarmorales804 4 ปีที่แล้ว

      I started one 6 months ago, how long did they take to settle?

    • @monroem4246
      @monroem4246 11 หลายเดือนก่อน

      @@omarmorales804you commented this three years ago, what ended up happening ? Did it get resolved or did you back out?

    • @Chriselchingon23
      @Chriselchingon23 11 หลายเดือนก่อน

      @@omarmorales804how long did it take to settle?

  • @elastingirl
    @elastingirl 4 ปีที่แล้ว +3

    "you're not dealing with intelligent life" Dave's sayings are so blunt...
    I can't stop laughing!

  • @jeffo9147
    @jeffo9147 ปีที่แล้ว +1

    Great advice Dave. I've got a similar problem but one of my creditors is suing me.

  • @mikedoyle5901
    @mikedoyle5901 4 ปีที่แล้ว +17

    Maybe he is the shister borrowing 90k making 100k and paying nothing back.

  • @tomm8025
    @tomm8025 4 ปีที่แล้ว +4

    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!

  • @chslaw
    @chslaw 3 ปีที่แล้ว +1

    Dave Ramsey grossly overstates the downside or bankruptcy and is almost always better than debt settlement.

    • @mr.frandy7692
      @mr.frandy7692 ปีที่แล้ว

      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.

    • @chslaw
      @chslaw ปีที่แล้ว

      @@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.

  • @Coffee4commonsense
    @Coffee4commonsense 4 ปีที่แล้ว +3

    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.

  • @irishdadx4
    @irishdadx4 11 หลายเดือนก่อน

    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.

    • @martineb6790
      @martineb6790 6 หลายเดือนก่อน

      How was that process? Is bankruptcy as bad as everyone is making it seem?

  • @tweetybird72
    @tweetybird72 4 ปีที่แล้ว +3

    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.

    • @marykay8587
      @marykay8587 4 ปีที่แล้ว

      Omg that's terrible!! Your poor mom 😢

    • @jennasparks8935
      @jennasparks8935 ปีที่แล้ว

      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.

  • @tonyahenry4167
    @tonyahenry4167 4 ปีที่แล้ว +15

    $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....

    • @justinacase2623
      @justinacase2623 4 ปีที่แล้ว +2

      Probably only putting 250 on the debt too! What a racket

    • @drmpilot365
      @drmpilot365 4 ปีที่แล้ว +3

      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.

  • @dimti007
    @dimti007 4 ปีที่แล้ว +10

    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.

    • @francisformlyknownasc.i.a2128
      @francisformlyknownasc.i.a2128 2 ปีที่แล้ว

      Does it work with personal debt . Or just CC debt ?

    • @johndonovan291
      @johndonovan291 10 หลายเดือนก่อน

      Can you ask for the CC to forgive part of the debt like he stated?

    • @MaureenSchorsch-b2s
      @MaureenSchorsch-b2s 2 หลายเดือนก่อน

      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

  • @colbyallen5750
    @colbyallen5750 4 ปีที่แล้ว +3

    These companies send me material constantly. They spin it as a consolidation approach, then they say “change terms” with the creditor. Hard pass.

  • @kahlilcalvo9610
    @kahlilcalvo9610 7 หลายเดือนก่อน +1

    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.

    • @martineb6790
      @martineb6790 6 หลายเดือนก่อน

      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?

    • @kahlilcalvo9610
      @kahlilcalvo9610 6 หลายเดือนก่อน

      @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.

  • @AlecWyld
    @AlecWyld 3 หลายเดือนก่อน

    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.

  • @tonyahenry4167
    @tonyahenry4167 4 ปีที่แล้ว +4

    Terrible ppl ....I was looking into that but everybody is having bad experiences you might as well just negotiate with the companies yourself

  • @roncur
    @roncur 4 ปีที่แล้ว +8

    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

    • @airmaxair-max4993
      @airmaxair-max4993 3 ปีที่แล้ว

      Yeah? Which one is that?

    • @roncur
      @roncur 3 ปีที่แล้ว +2

      @@airmaxair-max4993 national debt relief

    • @airmaxair-max4993
      @airmaxair-max4993 3 ปีที่แล้ว +2

      @@roncur oh okay bet. Thanks

    • @roncur
      @roncur 3 ปีที่แล้ว

      @@airmaxair-max4993 np

  • @TuyetNguyen-pp2ew
    @TuyetNguyen-pp2ew 4 ปีที่แล้ว +14

    Stop getting into debt people, please!

    • @user-fz3dy7bp9d
      @user-fz3dy7bp9d 4 ปีที่แล้ว +5

      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.

    • @leathelandlady
      @leathelandlady 4 ปีที่แล้ว

      @@user-fz3dy7bp9d smart move! 👍🏾

    • @jamesk8891
      @jamesk8891 4 ปีที่แล้ว

      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.

  • @FightNewsYT
    @FightNewsYT 4 ปีที่แล้ว +3

    I love how the scenario turns to postive advice. It’ll be fun to add this in my VIDEO. 😉

  • @TheTbabylati
    @TheTbabylati 4 ปีที่แล้ว +3

    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.

  • @guineveredawn
    @guineveredawn 4 ปีที่แล้ว +2

    Dr John is becoming my favorite personality on this show

    • @written2382
      @written2382 3 ปีที่แล้ว +1

      He didn’t say anything. But he always hears things in peoples voice. SMH

    • @GJH3735
      @GJH3735 3 หลายเดือนก่อน

      My least favorite person on this show. 😂 I can’t believe Dave puts up with him.

  • @ModoNayr
    @ModoNayr 4 ปีที่แล้ว +1

    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?

  • @beastfromtheeast9318
    @beastfromtheeast9318 4 ปีที่แล้ว

    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.

  • @hmj8469
    @hmj8469 4 ปีที่แล้ว +5

    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?

  • @jae9843
    @jae9843 4 ปีที่แล้ว +1

    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.

  • @eddiekulp1241
    @eddiekulp1241 4 ปีที่แล้ว +2

    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

  • @DanielGarcia-zz9eg
    @DanielGarcia-zz9eg 4 ปีที่แล้ว +3

    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

  • @chrisbellamy7145
    @chrisbellamy7145 4 ปีที่แล้ว +4

    Middle class people are so effed. I'm glad I'm skipping middle class and going straight from poor to rich.

  • @warwagon
    @warwagon 4 ปีที่แล้ว +5

    He forgot to tell him to get the settlement in writing.

    • @jutde
      @jutde 4 ปีที่แล้ว +2

      No, he told him.

  • @johnwilburn
    @johnwilburn ปีที่แล้ว +1

    You could hear how much Dave cared and wanted to help this guy.

  • @lisafinn7785
    @lisafinn7785 3 หลายเดือนก่อน

    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.

  • @stefan18375
    @stefan18375 4 ปีที่แล้ว +8

    Ever wonder what they bought to run up their credit cards so high?

    • @peggywellman1221
      @peggywellman1221 3 ปีที่แล้ว +1

      Oh you'd be surprised!

    • @mr.frandy7692
      @mr.frandy7692 ปีที่แล้ว +1

      You probably have to ask their girlfriend......

  • @mountainmonkey15
    @mountainmonkey15 4 ปีที่แล้ว +11

    There are some good debt relief companies. I've had one and they have good customer support, and are working pretty fast.

    • @its.jasmine
      @its.jasmine 4 ปีที่แล้ว +1

      Which one?

    • @Mr._X84
      @Mr._X84 4 ปีที่แล้ว

      Jaz Wafflez Bank of mom and dad.

    • @five18audio
      @five18audio 2 ปีที่แล้ว

      Which one

  • @sighx8180
    @sighx8180 3 ปีที่แล้ว

    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.

  • @Jay-om8gr
    @Jay-om8gr 4 ปีที่แล้ว +20

    How in tf does a single man end up with 90k in cc debt 🤔

    • @JK20239
      @JK20239 4 ปีที่แล้ว +7

      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

    • @MG707
      @MG707 4 ปีที่แล้ว +3

      Keeping up with the jones

    • @Jay-om8gr
      @Jay-om8gr 4 ปีที่แล้ว +9

      Joshua simping on them hos

    • @MrTmenzo
      @MrTmenzo 4 ปีที่แล้ว +1

      Snap on tool box

    • @JK20239
      @JK20239 4 ปีที่แล้ว +1

      @@Jay-om8gr it's a joke🤔

  • @KishTalksCredit
    @KishTalksCredit 28 วันที่ผ่านมา

    Wow! ...good conversation.

  • @JK20239
    @JK20239 4 ปีที่แล้ว +6

    Live on 50k throw 20k at the debt and be done in 5 or 6. 🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

    • @jgbotwinick49
      @jgbotwinick49 4 ปีที่แล้ว

      That's too long.

    • @JK20239
      @JK20239 4 ปีที่แล้ว +1

      @@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.

  • @euenfheiejrj
    @euenfheiejrj 4 ปีที่แล้ว +34

    “Not dealing with intelligent people.” He spent $90k on things he couldn’t afford while making $75k. How is it their fault?

    • @samanthab6642
      @samanthab6642 4 ปีที่แล้ว +4

      We have no idea his situation. What if he had to pay a dying family members emergency medical procedure or something?

    • @michaelhunsinger8351
      @michaelhunsinger8351 4 ปีที่แล้ว +1

      @@samanthab6642 On multiple credit cards? Seems unlikely, responsible people don't have 5-10 credit cards to begin with.

    • @peggywellman1221
      @peggywellman1221 3 ปีที่แล้ว +3

      @@michaelhunsinger8351 you can't know his situation

  • @theboard3476
    @theboard3476 2 ปีที่แล้ว

    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.

  • @richardhay645
    @richardhay645 4 ปีที่แล้ว +2

    What about income taxes on the forgiven debt? He is single making $100K. Taxes could be an issue.

  • @Zatoichinisanyon
    @Zatoichinisanyon 4 ปีที่แล้ว +2

    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.

  • @dereklopez3124
    @dereklopez3124 ปีที่แล้ว

    I don’t understand. How can your credit heal when you settled with all of them? Won’t that be on your credit history?

  • @scaldon2
    @scaldon2 4 ปีที่แล้ว +15

    Bankruptcy is not the way out . And debt relief companies are a fraud . Run from debt relief companies run 🏃‍♂️.

    • @MisteMiner
      @MisteMiner 4 ปีที่แล้ว +3

      Bankruptcy is the way out for some people, including Dave himself.

    • @DragonguyA
      @DragonguyA 4 ปีที่แล้ว

      My teacher said she got scammed from one that said that would pay off her student loans, about one year later and the loans haven't been paid at all.

    • @jimmyhampton3920
      @jimmyhampton3920 4 ปีที่แล้ว +1

      Your president has took bankruptcy 4 times

    • @sophiasmith5949
      @sophiasmith5949 3 ปีที่แล้ว

      @@DragonguyA that's scary

  • @southbayla3137
    @southbayla3137 4 ปีที่แล้ว +3

    Where do you get 2,000 a month delivering pizza ? I would start doing that

  • @g9moto253
    @g9moto253 4 ปีที่แล้ว +1

    This is what happens when you try to take a short cut to get rid of your debt through an agency. Pay off your debt, don’t file for bankruptcy!

  • @WhisxBeerus
    @WhisxBeerus 4 ปีที่แล้ว +11

    Anyone have any experience with credit cards actually settling for $0.20 on the dollar like Dave says?

    • @jherm9300
      @jherm9300 4 ปีที่แล้ว +9

      When i cleaned up my credit i would say on average they did .33 on the dollar.

    • @justinacase2623
      @justinacase2623 4 ปีที่แล้ว +6

      Yes the will but it's got to be way overdue. It's a waiting game at that point. Plus it's probably been bought by a collection agency.

    • @TimeisUp22
      @TimeisUp22 4 ปีที่แล้ว +3

      Don’t pay those credit cards a dime after they charged you off. You don’t need to settle to get it off your credit report. Always do research whenever you are doing anything new. TH-cam “Brandon Weaver free credit repair” I followed this man program and cleared my bankruptcy for free!!!! Watch all his videos. If there is too many just look up the ones when he talks about “credit card removal.” His company is a goldmine.

    • @thecatnextdoor12
      @thecatnextdoor12 4 ปีที่แล้ว +4

      I don’t get it. Why then don’t we all just buy stuff on credit and then pay only 1/5th of the price?

    • @charlesbrown179
      @charlesbrown179 4 ปีที่แล้ว +3

      @@thecatnextdoor12 The score follows you... when you want a loan for a house or a car then they can reject your application. If you apply for financial aid for college they can reject you based on your inability to repay loans. Some job applications look at credit history and will reject your application if you don't meet a credit score cutoff (since you don't appear to be trustworthy or good with money- you look like a person that intentionally cheats the system). You can also be sued and/or have your wages garnished.

  • @AO-mx9tk
    @AO-mx9tk 4 ปีที่แล้ว

    "You're not dealing with intelligent life." LOL!

  • @livefreewithcalebd
    @livefreewithcalebd 4 ปีที่แล้ว +5

    Dang how do you get 90k in debt? I can’t judge but just WOW!

  • @nikiameekins6022
    @nikiameekins6022 2 ปีที่แล้ว +1

    "You're not dealing with intelligent life"....😂

  • @DarknessFalls29
    @DarknessFalls29 4 ปีที่แล้ว +1

    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.

  • @COOCA2002
    @COOCA2002 ปีที่แล้ว +1

    i'm on the floor laughing