I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
It's crazy the original lender will sell the debt to a debt buyer at such a huge discount when they could have offered that discount to the person in debt.
I had some things go to collections when I went through my divorce. It was a combination of already having financial problems and my ex not giving me my mail. I remember getting those calls daily. I spent the next several years cleaning up old debt. I listed my debts smallest to largest and worked on them one at a time. After all the bad debt was taken care of I started focusing on getting rid of the current “good” debt. It took me 4 years but I owe no one now. My house is paid off now. I won’t ever borrow money again. Now I save for retirement.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
I went through debt hell a few years ago, and it was the scariest experience of my life. I actually went through all 4 levels - I finally got a summons for a bill, and ended up declaring bankruptcy. Even though it sucked, ultimately declaring bankruptcy was a fresh start I needed. I don't borrow anymore, although if I were to get sick again, I'd be in trouble.
I've been to collections once, and all I had to do was write a letter telling them to pound sand. I kind of figured later that I really didn't owe anything, and they were just trying to shake me down. It was homeowner's insurance, and when the policy period expired, I had already shopped around and renewed with another company. The original company claimed I owed them premium from the renewal date to the day I told them I had gone with another company. It wasn't much, and I just told them I wasn't obligated to renew with them.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
This was stressful but educational to watch. Only stressful because it brought back memories when debt collectors would hound me and threaten to repo my car. Got my debt because I got seriously sick and couldn't pay because it was hard to earn money while bed ridden.
I never had any of my debts go into collections but I did co-sign multiple debts that did go to collections. Still have a rocky relationship with my sibling even after settling with the collectors. Never co-sign any debts unless you’re prepared to pay it in full yourself.
I recommend if you somehow missed a small enough balance and end up in debt collection, FIRST attempt to contact the original company/business you are in debt to and try to settle with them. They're able to recall the debt back from collections and none of the moochers make money off what was probably a small mistake.
The analogy between debt and hell is well chosen. I had been in debt with years of payment to do and I did. The feeling of being free from debt is priceless! I have never been in debt again. It’s a bondage. You really owe something when in debt and that is terrible. The only thing I would eventually go in debt for is a house with garden. But only if my money pays off at least 2/3 of the price. Note to myself - Check assets!
I've been debt free for 4 years now. Although I did get a collections call for an ambulance that I didn't need. The landlady for the place I was living in kept the bill from me after I had moved out. I had no idea I had that bill till they called me at work. Nearly got fired. Didn't pay that collector. I paid at my city hall, in cash $387, not a Penny more
Thanks so much for this video! I've been dealing with debt my entire adult life and whenever I think I'm seeing the light at the end of the tunnel, another creditor jumps out of the woodwork! 🙄I'm still trying to get myself life together. Your videos are very helpful and insightful.
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
@@SynterraSteenadvice is too generic. Here is how I view different people involved with finance. Dave: this is the ONLY way! Two cents: here are multiple solutions. Average financial bro: have you heard of ____(insert financial independent thing)? Ramsey is too specific, the bro is just pumping hype up, two cents talks about multiple solutions.
Medical billing is the worst. I once had an ER, try to double collect on a bill. I was in an auto accident, the other person's insurance paid for my ER trip. But the hospice kept calling me to collect $1500.00 past due on the bill. The auto insurance would not pay..... WHY? Because the medical billing department billed them for blood transfusions, which was not needed for a superficial cut on my hand. They litigated and the judge asked me what is your blood type. So I gave blood type and proof of it to the judge. The judge then turned and asked the medical billers, why did you give an O+ patient A- blood?
These are good tips. I’m not a debt person and always pay in cash but the system tells u to borrow to have a good credit score. Thanks for making videos that are relatable and timely
My $100k in student loans fell off my report this year, this explains why that happened. Thought those never got charged off, but then again they have been passed through multiple companies by now. I'm not gonna question it, my score is incredible now.
While true, that quote overlooks those who become unable to pay their regular bills (rent, phone, utilities, etc.) as these are also a form of "debt". Say you were laid off during the pandemic and couldn't pay some of those bills. They'll those businesses will take you through the same debt collection steps eventually
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
@@michelep9477 EFT = Electronic Funds Transfer. Meaning, you pay it via a transfer from your bank account. By doing so, they could potentially obtain your bank details. If you ever decide to stop paying, they'll already have your bank info and could try to pull money from there, even if it's illegal for them to do so.
I see why there’s so much animation here because there’s so much miss information amongst the animation here; ….if you know what I’m saying! SUE THEM ALL & GET Paid:
This is incredibly informational! I've always been curious about this process- thanks for the info! :) I've been super careful, got a ding on my credit for someone else's debt and immediately it went down 100 points from excellent to about 600 which is insane. I immediately appealed it because I hadn't gotten anything in the mail for that amount and they took it off within 24 hours. Totally ruined my day but it was so great seeing my credit back to it's squeaky clean score!
My dad and I had a lot of debts in Pennsylvania. I had about 3k in medical bills from 4 different hospital visits (which were because I was uninsured and unemployed). My dad had about 30k in credit card debt. With my medical bills, they were eventually sold off to a debt buyer. 2 of the 4 are already off my credit report because they passed the 7 year mark. The other 2 medical bills will reach the 7 year mark in 2021. With my Dad's credit cards, the balances were high enough that many of them did try to sue. However, they were unable to serve the court summons paperwork and they eventually just gave up, since my dad is living off the grid. He does not have any assets that can be legally seized.
I have a 3k medical bill from this year. I refuse to pay because the service provided was horrible & extremely unhelpful. After 7 years do they stop charging? How did it work out for you?
@@nm6857 After 7 years, it will no longer appear on your credit report, regardless of the state you live in. The only way it could stay on for 10 years is if they sued and got a judgement against you. However, that isn't likely to happen given that it's a pretty small debt. Note, some debt collectors might purchase your debt after the 7 year mark and send notices asking for payment. They are trying to get you to pay even a slight amount to revive the debt and restart the 7 year clock. DO NOT fall for that trap. Look up your state's statute of limitations for suing over debt. In Pennsylvania, it is 4 years. After 4 years, it can still be on your credit report until the debt is 7 years old, but they can't sue for it.
I had debt brought to a collections agency because they kept telling me that they would contact my insurance and that everything would be fixed. Then my insurance brought them to court and got my credit score back up. Cigna may be a lot of things, but they will most certainly fight for you.
I work levels 1/1.5 for a financial institution. Great work guys!!! Love your approach! Are you planing a part 2 about secured loans like car, boats, RV etc since it's a bit different?
I went through Debt Settlement recently. It sucked. Discover is the worst. They immediately sued me after 90 days, right on-the-dot, while the debt settlement company was actively negotiating with them. What a horrible company and an abuse of the legal system.
I am ever so thankful for this channel. I take most of my financial decisions based on what your advices and it’s by far the most entertaining channel on youtube! Keep up the amazing work!
It’s amazing to me how fast companies give up on debt repayment happening. I’ve heard bits and pieces of the steps but if 3-6% is all companies pay for it that’s probably not too much less than the percentage actually paid off after just half a year!
This is so incredibly valuable, really wish I'd had this information when dealing with debt collectors. Thank you for sharing this so other people can benefit. :)
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
As someone who was once in $46k in credit card debt I recognized that I am the one who asked to borrow the money, I am the one who made bad decisions (with the help of my ex wife) Therefor it was my job to pay it. Having debt was awful, but I am the one who made mistakes so I saw it as my job to fix it.
The credit score is just the "suckers' score" because it rewards credit utilization, not paying off credit cards. I could care less what my credit score is.
Good for you! I agree 100%!!! I own my house and cars and have only used cash to purchase things. I do not have credit cards and I do not finance anything.
Debt collections can really ruin your score, but once you get it cleared and send confirmation to the reporting agencies; it bumps back up over a month or two. Thank you for making this video. It’s annoying and often frustrating but you can fix this! Also, you guys are clearly fans of Milton and Dante :)
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
I worked with someone who I was talking to about a job opening at a state department of Revenue office (tech position) where I had worked, and he was a great tech. He told me they wouldn't hire him. Apparently he had a problem a few years before and couldn't afford to pay his state taxes. So he didn't. And didn't talk to them. He just did nothing... He ghosted them. And yeah, they had (still do) a policy that you had to be clear on your state taxes to be employed there. Ouch. Never do that. If you have problems and can't afford it, call them and talk to them. A plan, even a really minimal one, is always better than ghosting them. That adds fines / penalties on top of everything else...
Thank you for this! I just recently got my students loans from doing a gap semester in college and this def taught to face them head on rather than wait after this fed deferment period. I didn’t know what the hell i was gonna do til I did some research
I recall being late on bill. I had trouble in past so I stepped up my game called them told them. they told me for then, we give a 2 week grace period which was enough time for me. It's good to know all this info tho. I do know sometimes people try to get you pay off died family member account but don't fall for that.
I had a debt collector call me at work. I tried to let them know I was at work and couldn't speak to them at the time. They made some rude comment... so I told them I wasn't going to pay them. Thanks specifically to their tone. I asked them to not call again... they kept calling during my work times. I ended up suing them. They forgave my debt, which was $800.00, and settled out of court for a few grand.
I could have really used this a few months ago. I canceled a plan and the company told me they will send me the bill. I was okay with that. For months it never arrived and I kept asking them. Turns out the agent put the wrong number. They tried to make me foot the bill but since it was recorded, they paid for the late fees and even offered compensation for the harassment they put me through for a clerical error on their end.
Definitely one more thing to add, dispute any suspicious debts that come up in your name or with a creditor you have no relationship with. Credit karma and other services have that available to you on their site, but talking to the credit agency is also a good move. I remember when a debt collection agency stole my identity, and I had to contact the CFPB because it was on my credit report. Thankfully, the CFPB and Transunion handled it, but some of those third party debt collectors do some things that are questionable legally. The moment you pay a debt it becomes yours, and they know that.....know your rights, always get information, dispute first, and don't fall into any psychological traps!
Great info. Wish I knew this 20 years ago. But I leaned, really learn. Going through this made me learn so much now I have a great credit score which I know how to protect and use
I had a debt collector try to revive a debt too old to revive. They called everyone but me, including people on Facebook I'm no longer in regular contact with or who were just random friends with public phone #s. I contacted a lawyer who knew she'd win and charged me nothing out of pocket. I sued them and won. They had to forgive the full debt and pay thousands to myself and my lawyer.
I was needing a debt counsellor once my credit company wanted to raise my interest meaning a lot of my payment would cover interest not the balance. Hope to never get that close to going below again.
I had a debt that went bad and went to collections. I was broke. I moved several times and literally 25 years after I incurred the debt they found me, it had already fell off my report. I laughed into phone and said NO.
this is super super helpful. I've had people coming after me for years and telling me they took me to court for debt my parents had that they filed bankruptcy for but I wasn't sure what to do cause I couldn't afford to pay this debt
Years ago I had a credit score of 564 and 32k in debt. At the time I didn't have the funds to pay it off and years went by and I still couldn't make payments. So I decided not to pay it and after 7 years it all fell off and now my credit score is 787. So even if you pay off a debt that has went into collection you will still have to wait years for it to fall off your credit report. Unless your are trying to buy a home in the next 7 years I wouldn't bother paying the debt off.
I used to work for the largest debt buyer in the world, Encore Capital (if you got a bill from them it would be titled Midland Credit Management). The company banks on you not showing up to court and they just robo sue massive amounts of people at a time. I talked to an Uber driver who ironically was driving to work that day and I talked about what I do and he told me about showing up at court for a summons they got from Midland CM. Simply showing up to court is a huge bonus so you don't lose by default. Encore will definitely settle for way less than your amount due. Sadly Encore has gotten their legal costs down so much that they robo sue smaller balances now. Never ever send them a payment without negotiating your balance down and always show up to court. So glad I don't work for that greasy ass company any more. They shoved me in a basement and I read depressing hardship letters showing us still trying to collect on debts on people with crippling medical debt. They also pay their para legals $20/hour and try to get them to move to Detroit. Shameless and greasy as fuck.
I have two student loans through me state that were discharged/written off a few years ago when I was serving in Americorps. I was living on a stipend of $800 a month and was able to put my federal student loans on forbearance. I tried calling my state’s student loan line to see if I could do the same, but no luck. I would have to pay $75 a month which became challenging at times. I’m still trying to figure out how to remedy those discharges on my credit report two years later and increase my credit score....
"Once you debt reaches 80 - 180 days mark: "You have crossed the river Styx"😂😂😂😂😂😂! Don''t sugarcote it man, say it like it is: You are now officialy DEAD! God, you guys are GREAT!!! You manage to explain the most sofisticated and comlicated problems with brilliant sence of humor and in the manner anyone can understand you withouth over simplifying, but just get on the point!!! I LOVE your chanel, I'm a subscriber and listen to you all the time, and I'm not even an American, cause most of what you teach is universal!!! Keeo up the great work, love you guys♥️😘👏👏👍👍!
My old company Ed Napleton didn't pay a hospital bill that was under workman's comp from a bolt that fell out of ceiling rafters and hit me and I ended up having debt collectors come after me on and off for years cause my name was on the hospital bill. Told them what it was from and that I had no legal obligation to pay, but was still annoying, thankfully statues of limitations came up and haven't had anyone try to collect since.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
I have a Debt collector problem But some people I know aren't making rational decisions and blocking our plans Mortgages homelessness no money can't have any dating opportunities And people still prevent me from fixing stuff
I worked as a debt collector for a couple years. I’d agree with this video overall, it’s best for you to just call your lender and tell us the situation. We can waive late fees for you, we will even let you skip payments and pay them later. Just like any relationship, communication is key. And if you’re an asshole to us, we’re unlikely to work with you.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
im so surprised how easy it is to unknowingly fall into debt, in my country we first need to send and E-mail then call you to try to negotiate a paymentplan/lower sum, and then we have to send ANOTHER E-mail. after which we get to pass it down to debt agencies. And even after all that we might need to enter negotiations with the state as they can help the person in debt. its not uncommen to have a payment plan with 0% interest btw
Awesome video, it was so easy to understand! Do you guys have any plans on creating equal versions of these videos in Spanish or other languages, even if just in captions?
facing this right now. Only found out because of doing my free annual credit report after my credit score went down 100 points at the beginning of the month. Unfortunately this was a done by someone living in the other side of the country using my SSN.
Fortunately the only collections I've had to deal with was for fraudulent activity. Someone got into my phone account and added phones onto my mother's plan under my name and I started to get debt collections calling for $700. Fortunately it was all cleared up. unfortunately I've had a few more cases of identity theft.
Play nice with the initial location YOU purchased from. If you ask to buy something, pay for it! Don’t think you can flake off when you got the goods but didn’t pay your pay plan.
I'd like to add, even if the debt is legitimate, if the company or collector cannot prove you owe the debt, they can't hold it against you. Also, they are liable for whatever you get in writing, so if you can negotiate down, make sure they send that statement & you receive it before you pay anything, (I am related to someone who was able to pay $600 to settle a $6k bill because there was a typo in their confirmation letter). Lastly, make sure you hold the collections agency accountable too & request that they remove the settled/paid account from your credit report. I know doing all of this the long way can be a drag, but scam artists, and "fix my credit quick" situations don't actually help us address the habits that led to the debts in the first place. Going through this process the long way helps build better habits for the long run. Do I want to look like I have to together or actually have it together? :D
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
This video was so well animated - and the advice is spot on!
Disagree. The advice RE the FDCPA is quite awful. No mention of lawyering up and suing the debt collector.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
2 Cent always does that.
Fancy meeting you here, RMRS.
It's crazy the original lender will sell the debt to a debt buyer at such a huge discount when they could have offered that discount to the person in debt.
If they gave people 70% for not paying then no one would pay to begin with, not so crazy afterall
@@sw3d3nlol Well not no one at first, but yes some would and then practically no one would.
True.
The United States govt is there too
@@sw3d3nloli thought the original guy had a good point but i'm glad i checked the replies otherwise i would have remained very naive
I had some things go to collections when I went through my divorce. It was a combination of already having financial problems and my ex not giving me my mail. I remember getting those calls daily.
I spent the next several years cleaning up old debt. I listed my debts smallest to largest and worked on them one at a time. After all the bad debt was taken care of I started focusing on getting rid of the current “good” debt. It took me 4 years but I owe no one now. My house is paid off now. I won’t ever borrow money again. Now I save for retirement.
Well done, that’s awesome!
Excellent!
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
You went Dave Ramsey on their ass!!!
I love how the dept counselor is a nice demonette.
@Two Cents Nice try scammer 😂
@Lucas Zhu what did the fake channel say?
@Lucas Zhu ok
By far the best combination of financial advise and Dante's Inferno I've ever seen
Giving the say "A deal with the devil would be cheaper" a new meaning.
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
"Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor."
--James Baldwin
They've done a video on how expensive it is to be poor, and it's really good. (The video, not being poor.)
Luís Filipe Andrade no, it’s immoral, plus your credit will tank
It makes me sad
Wish you still made videos :(
"How to deal with debt collectors"
Me: *Proceeds to get baseball bat out of the garage*
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
What are you going to do? Beat your phone?
You going beat your phone?
@@wlonsdale1 Hey no phone no calls.
I went through debt hell a few years ago, and it was the scariest experience of my life. I actually went through all 4 levels - I finally got a summons for a bill, and ended up declaring bankruptcy. Even though it sucked, ultimately declaring bankruptcy was a fresh start I needed. I don't borrow anymore, although if I were to get sick again, I'd be in trouble.
welcome to america..
Wow. Thank you SO much for sharing your story. I am sure it was an incredibly difficult time and I'm glad you're stronger out the other side!
I've been to collections once, and all I had to do was write a letter telling them to pound sand. I kind of figured later that I really didn't owe anything, and they were just trying to shake me down. It was homeowner's insurance, and when the policy period expired, I had already shopped around and renewed with another company. The original company claimed I owed them premium from the renewal date to the day I told them I had gone with another company. It wasn't much, and I just told them I wasn't obligated to renew with them.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
Collectors - "Can we speak to Rick"
Me- "oh my Goodness Rick is no longer with us"
Them- "sorry to hear that"
@@TheJauqline no longer with us is totally open to interpretation, it doesn't necessarily mean dead
@@dr.winner2516 That would be for his lawyer to argue. Lawyer's are expensive aka more debt when he's found innocent.
Hey, wait a minute - YOURE RICK!
"how to deal with debt collectors"
Me: the secret ingredient is crime...
I've never quit amazon impulse shopping this fast
@Two Cents oh yeah sure "tusentz".you seem totally legit
This was stressful but educational to watch.
Only stressful because it brought back memories when debt collectors would hound me and threaten to repo my car.
Got my debt because I got seriously sick and couldn't pay because it was hard to earn money while bed ridden.
I never had any of my debts go into collections but I did co-sign multiple debts that did go to collections. Still have a rocky relationship with my sibling even after settling with the collectors. Never co-sign any debts unless you’re prepared to pay it in full yourself.
Personally what always worked for me is defaulting on all debts and moving onto another country 😎👍
@@NoName-to5xl don't debt if in case that is
that's a good idea!
Lol
OK, Michael Scott.
Trump approves.
I recommend if you somehow missed a small enough balance and end up in debt collection, FIRST attempt to contact the original company/business you are in debt to and try to settle with them. They're able to recall the debt back from collections and none of the moochers make money off what was probably a small mistake.
agreed, this is the best way
I actually paid my debt after watching this. Thank you for educating me! You guys are amazing!
The analogy between debt and hell is well chosen. I had been in debt with years of payment to do and I did. The feeling of being free from debt is priceless! I have never been in debt again. It’s a bondage. You really owe something when in debt and that is terrible. The only thing I would eventually go in debt for is a house with garden. But only if my money pays off at least 2/3 of the price.
Note to myself - Check assets!
I've been debt free for 4 years now. Although I did get a collections call for an ambulance that I didn't need. The landlady for the place I was living in kept the bill from me after I had moved out. I had no idea I had that bill till they called me at work. Nearly got fired. Didn't pay that collector. I paid at my city hall, in cash $387, not a Penny more
so from that thumbnail, I think Philip would play a really good Bond villain
Thanks so much for this video! I've been dealing with debt my entire adult life and whenever I think I'm seeing the light at the end of the tunnel, another creditor jumps out of the woodwork! 🙄I'm still trying to get myself life together. Your videos are very helpful and insightful.
Check out Dave Ramsey for help getting out of debt! Good luck to you!!
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
@@SynterraSteenadvice is too generic. Here is how I view different people involved with finance.
Dave: this is the ONLY way!
Two cents: here are multiple solutions.
Average financial bro: have you heard of ____(insert financial independent thing)?
Ramsey is too specific, the bro is just pumping hype up, two cents talks about multiple solutions.
Medical billing is the worst. I once had an ER, try to double collect on a bill. I was in an auto accident, the other person's insurance paid for my ER trip. But the hospice kept calling me to collect $1500.00 past due on the bill. The auto insurance would not pay..... WHY? Because the medical billing department billed them for blood transfusions, which was not needed for a superficial cut on my hand. They litigated and the judge asked me what is your blood type. So I gave blood type and proof of it to the judge. The judge then turned and asked the medical billers, why did you give an O+ patient A- blood?
These are good tips. I’m not a debt person and always pay in cash but the system tells u to borrow to have a good credit score. Thanks for making videos that are relatable and timely
Seriously I wonder how someone can dislike your videos that are so good and meaningful
My $100k in student loans fell off my report this year, this explains why that happened. Thought those never got charged off, but then again they have been passed through multiple companies by now. I'm not gonna question it, my score is incredible now.
“Every time you borrow money, you're robbing your future self.”
--Nathan W. Morris
While true, that quote overlooks those who become unable to pay their regular bills (rent, phone, utilities, etc.) as these are also a form of "debt".
Say you were laid off during the pandemic and couldn't pay some of those bills. They'll those businesses will take you through the same debt collection steps eventually
Nothing wrong with borrowing money. What's wrong is borrowing money under bad terms or borrowing money to buy stupid things.
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
Never send a check. Never allow EFT. Always pay your debts in collections with money orders.
what is EFT? are you saying they'll have access to your bank account that way with the account/routing number?
@@michelep9477 EFT = Electronic Funds Transfer. Meaning, you pay it via a transfer from your bank account. By doing so, they could potentially obtain your bank details. If you ever decide to stop paying, they'll already have your bank info and could try to pull money from there, even if it's illegal for them to do so.
David Tran good to know. and yeah i still wouldn't tryst a collection agency with that info. even if that is illegal, lol
I see why there’s so much animation here because there’s so much miss information amongst the animation here; ….if you know what I’m saying!
SUE THEM ALL & GET Paid:
This is incredibly informational! I've always been curious about this process- thanks for the info! :)
I've been super careful, got a ding on my credit for someone else's debt and immediately it went down 100 points from excellent to about 600 which is insane.
I immediately appealed it because I hadn't gotten anything in the mail for that amount and they took it off within 24 hours.
Totally ruined my day but it was so great seeing my credit back to it's squeaky clean score!
Dano really out did himself with the editing and animation on this video. It looks SO GOOD!!
My dad and I had a lot of debts in Pennsylvania. I had about 3k in medical bills from 4 different hospital visits (which were because I was uninsured and unemployed). My dad had about 30k in credit card debt. With my medical bills, they were eventually sold off to a debt buyer. 2 of the 4 are already off my credit report because they passed the 7 year mark. The other 2 medical bills will reach the 7 year mark in 2021. With my Dad's credit cards, the balances were high enough that many of them did try to sue. However, they were unable to serve the court summons paperwork and they eventually just gave up, since my dad is living off the grid. He does not have any assets that can be legally seized.
I have a 3k medical bill from this year. I refuse to pay because the service provided was horrible & extremely unhelpful. After 7 years do they stop charging? How did it work out for you?
@@nm6857 After 7 years, it will no longer appear on your credit report, regardless of the state you live in. The only way it could stay on for 10 years is if they sued and got a judgement against you. However, that isn't likely to happen given that it's a pretty small debt. Note, some debt collectors might purchase your debt after the 7 year mark and send notices asking for payment. They are trying to get you to pay even a slight amount to revive the debt and restart the 7 year clock. DO NOT fall for that trap. Look up your state's statute of limitations for suing over debt. In Pennsylvania, it is 4 years. After 4 years, it can still be on your credit report until the debt is 7 years old, but they can't sue for it.
❤
I had debt brought to a collections agency because they kept telling me that they would contact my insurance and that everything would be fixed. Then my insurance brought them to court and got my credit score back up. Cigna may be a lot of things, but they will most certainly fight for you.
Thank you for your incredible content. I've become more budget-concious since I started watching your content. Thanks again Phil and Julia!
I work levels 1/1.5 for a financial institution. Great work guys!!! Love your approach!
Are you planing a part 2 about secured loans like car, boats, RV etc since it's a bit different?
Not at the moment! But that's a great suggestion!
I went through Debt Settlement recently. It sucked. Discover is the worst. They immediately sued me after 90 days, right on-the-dot, while the debt settlement company was actively negotiating with them. What a horrible company and an abuse of the legal system.
damn :(
Guys, you are great. I love your videos. Can't stop watching them and always happy with new videos. Thank you so much
I am ever so thankful for this channel. I take most of my financial decisions based on what your advices and it’s by far the most entertaining channel on youtube! Keep up the amazing work!
It’s amazing to me how fast companies give up on debt repayment happening. I’ve heard bits and pieces of the steps but if 3-6% is all companies pay for it that’s probably not too much less than the percentage actually paid off after just half a year!
You guys are freaking unbelievable your videos are awesome your videos make the topic easy to understand, relate, and retain the information!
I got to level 2 some years back. Had to work really hard for almost two years to get debt free. Glad I'm not there anymore.
This is so incredibly valuable, really wish I'd had this information when dealing with debt collectors. Thank you for sharing this so other people can benefit. :)
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
As someone who was once in $46k in credit card debt I recognized that I am the one who asked to borrow the money, I am the one who made bad decisions (with the help of my ex wife) Therefor it was my job to pay it. Having debt was awful, but I am the one who made mistakes so I saw it as my job to fix it.
For me it's very simple (in most situations). If you don't have it, don't spend it.
I am diggin' the Divine Comedy, Concentric Circles of Debt Collection concept here! Great Job!
The credit score is just the "suckers' score" because it rewards credit utilization, not paying off credit cards. I could care less what my credit score is.
Good for you! I agree 100%!!! I own my house and cars and have only used cash to purchase things. I do not have credit cards and I do not finance anything.
Debt collections can really ruin your score, but once you get it cleared and send confirmation to the reporting agencies; it bumps back up over a month or two. Thank you for making this video. It’s annoying and often frustrating but you can fix this! Also, you guys are clearly fans of Milton and Dante :)
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
When I first learnt of Roy on Diqus recommendations, I thought it’s just like every other recommendation. I will implore you all to get in touch with ‘Royson@creditmasterfixllc.com' for your credit repair. He helped me increase my credit score to 801 and erased all negative items on my credit profile within 17 days. He also paid off my mortgage loan, My appreciation I am showing by sharing this testimony. He really is a great expert, Just contact ‘Royson@creditmasterfixllc.com' for help ....
I worked with someone who I was talking to about a job opening at a state department of Revenue office (tech position) where I had worked, and he was a great tech.
He told me they wouldn't hire him.
Apparently he had a problem a few years before and couldn't afford to pay his state taxes.
So he didn't. And didn't talk to them. He just did nothing... He ghosted them.
And yeah, they had (still do) a policy that you had to be clear on your state taxes to be employed there.
Ouch. Never do that. If you have problems and can't afford it, call them and talk to them.
A plan, even a really minimal one, is always better than ghosting them. That adds fines / penalties on top of everything else...
I'm glad to know about this, though I've never been in this situation it's good to know in the chance it ever happens. Knowledge is power as they say.
Thanks guys for you work here on RUclips to explain economics Simply to normal people. Videos are Always on top also for graphics. Cheers from Italy
Thank you for this! I just recently got my students loans from doing a gap semester in college and this def taught to face them head on rather than wait after this fed deferment period. I didn’t know what the hell i was gonna do til I did some research
@Two Cents fakey
I recall being late on bill. I had trouble in past so I stepped up my game called them told them. they told me for then, we give a 2 week grace period which was enough time for me. It's good to know all this info tho. I do know sometimes people try to get you pay off died family member account but don't fall for that.
Short answer, as early as possible. A hard learned lesson.
I had a debt collector call me at work. I tried to let them know I was at work and couldn't speak to them at the time. They made some rude comment... so I told them I wasn't going to pay them. Thanks specifically to their tone. I asked them to not call again... they kept calling during my work times. I ended up suing them. They forgave my debt, which was $800.00, and settled out of court for a few grand.
Yes, the collection for my eviction that was sent to the apt I was evicted from.
Thanks
Never understood collection agencies. This makes everything clear.
These animations were great. loved the visual aids. great work
I could have really used this a few months ago. I canceled a plan and the company told me they will send me the bill. I was okay with that. For months it never arrived and I kept asking them. Turns out the agent put the wrong number. They tried to make me foot the bill but since it was recorded, they paid for the late fees and even offered compensation for the harassment they put me through for a clerical error on their end.
Definitely one more thing to add, dispute any suspicious debts that come up in your name or with a creditor you have no relationship with. Credit karma and other services have that available to you on their site, but talking to the credit agency is also a good move.
I remember when a debt collection agency stole my identity, and I had to contact the CFPB because it was on my credit report. Thankfully, the CFPB and Transunion handled it, but some of those third party debt collectors do some things that are questionable legally. The moment you pay a debt it becomes yours, and they know that.....know your rights, always get information, dispute first, and don't fall into any psychological traps!
Great job Two Cents!
You’re so good! 😊
Great info. Wish I knew this 20 years ago. But I leaned, really learn. Going through this made me learn so much now I have a great credit score which I know how to protect and use
I had a debt collector try to revive a debt too old to revive. They called everyone but me, including people on Facebook I'm no longer in regular contact with or who were just random friends with public phone #s. I contacted a lawyer who knew she'd win and charged me nothing out of pocket. I sued them and won. They had to forgive the full debt and pay thousands to myself and my lawyer.
I was able to pay my debt because of this video. Thank you both!
"Opponents" is definitely an apt adjective when discussing debt collectors.
I was needing a debt counsellor once my credit company wanted to raise my interest meaning a lot of my payment would cover interest not the balance. Hope to never get that close to going below again.
I had a debt that went bad and went to collections. I was broke. I moved several times and literally 25 years after I incurred the debt they found me, it had already fell off my report. I laughed into phone and said NO.
Thank you both. You obviously put a huge amount of time and effort into this video.
this is super super helpful. I've had people coming after me for years and telling me they took me to court for debt my parents had that they filed bankruptcy for but I wasn't sure what to do cause I couldn't afford to pay this debt
@Two Cents i feel like crypto is like stocks but you can spend it like money so more info on it would be super helpful
I dont have whatsup
Years ago I had a credit score of 564 and 32k in debt. At the time I didn't have the funds to pay it off and years went by and I still couldn't make payments. So I decided not to pay it and after 7 years it all fell off and now my credit score is 787. So even if you pay off a debt that has went into collection you will still have to wait years for it to fall off your credit report. Unless your are trying to buy a home in the next 7 years I wouldn't bother paying the debt off.
32k? That seems like an amount they'd "sue" for.
i am binge watching all your videos! and i cant stop.😂😂
I used to work for the largest debt buyer in the world, Encore Capital (if you got a bill from them it would be titled Midland Credit Management). The company banks on you not showing up to court and they just robo sue massive amounts of people at a time. I talked to an Uber driver who ironically was driving to work that day and I talked about what I do and he told me about showing up at court for a summons they got from Midland CM. Simply showing up to court is a huge bonus so you don't lose by default. Encore will definitely settle for way less than your amount due. Sadly Encore has gotten their legal costs down so much that they robo sue smaller balances now. Never ever send them a payment without negotiating your balance down and always show up to court. So glad I don't work for that greasy ass company any more. They shoved me in a basement and I read depressing hardship letters showing us still trying to collect on debts on people with crippling medical debt. They also pay their para legals $20/hour and try to get them to move to Detroit. Shameless and greasy as fuck.
I have two student loans through me state that were discharged/written off a few years ago when I was serving in Americorps. I was living on a stipend of $800 a month and was able to put my federal student loans on forbearance. I tried calling my state’s student loan line to see if I could do the same, but no luck. I would have to pay $75 a month which became challenging at times. I’m still trying to figure out how to remedy those discharges on my credit report two years later and increase my credit score....
and i love the graphics.. yall make amazing videos and cant wait for next one
"Once you debt reaches 80 - 180 days mark: "You have crossed the river Styx"😂😂😂😂😂😂! Don''t sugarcote it man, say it like it is: You are now officialy DEAD! God, you guys are GREAT!!! You manage to explain the most sofisticated and comlicated problems with brilliant sence of humor and in the manner anyone can understand you withouth over simplifying, but just get on the point!!! I LOVE your chanel, I'm a subscriber and listen to you all the time, and I'm not even an American, cause most of what you teach is universal!!! Keeo up the great work, love you guys♥️😘👏👏👍👍!
My old company Ed Napleton didn't pay a hospital bill that was under workman's comp from a bolt that fell out of ceiling rafters and hit me and I ended up having debt collectors come after me on and off for years cause my name was on the hospital bill. Told them what it was from and that I had no legal obligation to pay, but was still annoying, thankfully statues of limitations came up and haven't had anyone try to collect since.
I would also know that small debts can easily be defeated by invoking the arbitration Clause that is in many contracts.
You guys rock! Could you also make a video on Day Trading and all these life solutions video adds everyone keeps receiving nowadays?
We just paid off another rental property yesterday. One more to go and we will be completely debt free.
6:53 This guy went from a unpaid phone bill to summoning Cathulu
“How to deal with debt collectors”
Me: Finds their address and burns their building down
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
I have a Debt collector problem
But some people I know aren't making rational decisions and blocking our plans
Mortgages
homelessness
no money
can't have any dating opportunities
And people still prevent me from fixing stuff
the animation is super nice! great work :)
Idk if yall have ever covered it but a video explaining the federal budget deficit and lightly explaining modern monetary theory would be pretty cool
Used to work in collections. 100% accurate. Keep your cool and ask questions. We (at least I) want to help!
I worked as a debt collector for a couple years. I’d agree with this video overall, it’s best for you to just call your lender and tell us the situation. We can waive late fees for you, we will even let you skip payments and pay them later. Just like any relationship, communication is key. And if you’re an asshole to us, we’re unlikely to work with you.
lender who is that ? i got a step phone bill i cant pay off and im getting sent what do i do?
This is a great advice. This video was very informative. Thank you
Thank you for another great episode and i loved the animation.
This is why I've never missed a bill. Because I refuse to pay the stupid tax.
Is great as kong as u can
Also make sure to prioritise your debt. Some debts are more important than others like federal taxes for example.
I fixed my bad credit report with the help of a credit repair specialist who I was referred to by my colleague, they helped me improve my bad credit and erased all the negative items affecting my score negatively. I now score an excellent 780's across all 3 major bureaus all thanks to Mr Mark Lazzaro. Feel free to reach out to him for help as well 'Mark@creditpatchup.com'
This is invaluable, love your channel
Damn, I learned something that I didn't know from this video, thank you so much!
im so surprised how easy it is to unknowingly fall into debt, in my country we first need to send and E-mail then call you to try to negotiate a paymentplan/lower sum, and then we have to send ANOTHER E-mail. after which we get to pass it down to debt agencies. And even after all that we might need to enter negotiations with the state as they can help the person in debt. its not uncommen to have a payment plan with 0% interest btw
You two are good educators
Awesome video, it was so easy to understand! Do you guys have any plans on creating equal versions of these videos in Spanish or other languages, even if just in captions?
facing this right now. Only found out because of doing my free annual credit report after my credit score went down 100 points at the beginning of the month. Unfortunately this was a done by someone living in the other side of the country using my SSN.
Food for thought. Thank you!
Fortunately the only collections I've had to deal with was for fraudulent activity. Someone got into my phone account and added phones onto my mother's plan under my name and I started to get debt collections calling for $700. Fortunately it was all cleared up. unfortunately I've had a few more cases of identity theft.
Play nice with the initial location YOU purchased from. If you ask to buy something, pay for it! Don’t think you can flake off when you got the goods but didn’t pay your pay plan.
The video thumbnail is EVERYTHING!
Level 4: Lovecraft Court, The Honorable Cthulu presiding.
Place your hand on the Necronomicon... :)
Wonderful information to someone who is in debt.
I'd like to add, even if the debt is legitimate, if the company or collector cannot prove you owe the debt, they can't hold it against you. Also, they are liable for whatever you get in writing, so if you can negotiate down, make sure they send that statement & you receive it before you pay anything, (I am related to someone who was able to pay $600 to settle a $6k bill because there was a typo in their confirmation letter). Lastly, make sure you hold the collections agency accountable too & request that they remove the settled/paid account from your credit report. I know doing all of this the long way can be a drag, but scam artists, and "fix my credit quick" situations don't actually help us address the habits that led to the debts in the first place. Going through this process the long way helps build better habits for the long run. Do I want to look like I have to together or actually have it together? :D