Thanks for watching! As I mentioned in the video, you can check out the 3 Top Settlement Companies here: tryascend.com/debt-relief/company/3-top-debt-relief-companies If you have any questions, feel free to give us a call at 833-272-3631!
I once was gonna do a debt settlement but decided not to do it cuz of 1 question i asked! I asked them that if the moment my debt settlement contract goes into effect, will all my credit cards interest freeze? They said No.
That is correct. They do not freeze the interest accrued. You may be able to contact your creditors directly to get put into a hardship program which may be able to reduce or pause your interest for a period of time. If you need help understanding options my team is always available to chat through things at (833)272-3631. Feel free to text or call us at anytime!
You spoke about fees and such but when I called a Program they said they could lower my total debt by 3,000 dollars. That’s great right? And I was definitely leaning toward not doing this because it seems like it would destroy my credit but you say it can be built up again? Thanks this video helped me feel more comfortable about this process. And do you recommend any particular Program?
Thanks, GreySkies!! We don’t like many outfits in this space, but we do really like this outfit based on low fees, great BBB rating and awesome reviews - bit.ly/3C4mzfQ
I'm Disabled & have $13k in Credit Cards. 10 low credit amount cards to be exact. They are all almost topped out, however, ive never been late in the 2yrs I've had my Cards. I just cant get ahead. I have a perfect payment history but, at 29.9% im not catching up. The debt settlement company told me that if i enrolled, i would pay around $265 a month for 36 months, zero interest for a total of a bit over $4000 dollars. He said the law firm would handle everything & they would send out letters to all the card companies. He did say, most do not reply to this letter. Then they handle everything & it wouldn't effect my credit but its tanked anyway. It sounds like a scam but I'm leaning 50/50 towards doing this.
Thanks for the context, Mike. Questions for you: - what did the debt settlement firm state that your chance that you would be sued by each creditor? Like, are all of them low risk? What was the estimate that they gave you in terms of potential tax liability and if that was the case? Finally, is your income judgment proof, so if there were lawsuits while in the program, can they extract money from you or is all your income protected? Thanks! -Ben
Just FYI -- $265 a month for 36 months is $9540, not $4000. If you have $13,000 in debt, you would be paying almost 75 cents on the dollar to settle. Think hard about signing up for one of these programs and know exactly what you're signing up for. Since you are disabled, there might be a service available to you (that wouldn't be offered to the general population) that is trustworthy to help you with this problem. Good luck.
It never ceases to amaze me how people who dug themselves into a permanent debt hole are still worried about their credit and getting more debt... Worry about growing your net worth, no your ability to reduce it! Also if you spent 100% of your income on just living expenses and minimum payments, few organizations will give you *more* credit just because it looks bad on paper regardless of your credit score (like would you give someone a loan when they can't even pay down their current loans?).
I received a mail that mentioned eligibility for credit card debt forgiveness through our federally regulated debt relief program, half of my credit card balance to be forgiven in California. So my question is what is the disadvantages if I use that debt relief program? Thanks
That sounds like a debt settlement program. We wrote a deep dive article about the pros and cons of Debt Settlement: tryascend.com/debt-relief/pros-and-cons/ytcomm
I received an assignment for debt settlement signing, but did some digging and many signing agents don't accept them, as it can impose some liability in the future.. it seems like the debt settlement is having the notary act as a representative for them, when in fact the notary public is biase to either party and just there to witness and notarize the customer signature.
Does it really settle debt though?? I don't have a late payments but starting to feel I am going to be late soon :( should I call settlement company now? and is freedom relief company a good one?
Hey Marley, yeah it does settle debt! However, it would be helpful to chat through your creditor mix to make sure you're not at high risk of being sued. In regards to your other question, Freedom Debt Relief is definitely a larger debt relief firm but it would be helpful to make sure the fees are reasonable before signing up. If you have a moment today or tomorrow, give us a call at 833-272-3631. That way we can chat through the creditor mix and I can provide some more insight into the different companies out there.
I sign to Freedom, they gave different options. I owe 65000 in debt. Was paying my credit card company. One company went to 26 percent. I couldn't pay the minimum.
You're most welcome, Will! If you have any questions about options, please feel free to to text or call us at 833-272-3631 or schedule a complimentary 15 minute call: calendly.com/ascnd/call. Thanks -Ben
They could be a good choice! Would love to chat more about it over the phone. Give us a call/text at 833 272 3631 or schedule some time on our calendar here calendly.com/ascnd/call
I can't speak about specific companies but there have been serious problems in the debt consolidation industry. 1. Is the money specifically allocated for payment. This gentleman suggests a sensible program where a consumer pays say $400 per month, 150 is used for cost and counsel fees, and the remainder for payment. Fine, but not every program works that way. Better confirm that they specifically agreed to allocate a certain amount per month for payment. 2. Skills and disposal of claims It's not so easy. One law requires a debt validation process and some send notices. But failure to comply may not eliminate the debt and a company might just say the debt has been verified or forward a recent statement. The collection lawyers are fairly tough, it's a competitive business where they're measured against one another, so don't count on easy settlements. 3. Complaints Check and see what the company's record is and how they're viewed by other customers. 4. Time Period They may provide a 2 or 3 year program but why? They can contact a bunch of companies at the beginning and try to negotiate settlements if they wished. What happens if you pay for 2 years and find the debts haven't been resolved. So you want to check for tangible progress on resolving claims early in the process, and get out if you're not getting satisfactory answers. 5. Can you do it alone Sometimes you can consider negotiating on your own. 6. Communicate hardship Hardship is a significant issue in many settlements and programs. Give the company information early and again, see if they're able to resolve matters.
100% agreed that there have been SIGNIFICANT issues in the debt relief industry. For the $400 monthly payment that you specified, can you let me know why $150 would be going to cost and counsel fees? Often debt settlement companies should charge after the debt is settled. That said, are you referring to a debt relief law firm?
Great questions, Kassie. Generally with loans, the accounts would fall behind, and then the accounts would charge off around 120-180 days past due. With loans, you don't necessarily close the account like a credit card for a debt relief program, but you may have to call the lender or servicer to stop the payments from being pulled automatically. The relief program may settle that account before it reaches that point. What other questions can I answer? Give us a call/text if you have any other questions whatsoever: 833-272-3631 Thanks - Ben
I'm thinking of starting my own debt settlement business to help people manage their debt. Do you have any videos or advice for me on doing that? - Eric
Thanks for the comment! The process to start the company was quite tedious as there’s a lot to consider! Feel free to call us though if you want to chat through it!
Hi Ben, I am helping my grandparents with minimizing credit card debts. They are in a debt relief program as of last year. We are feeling hesitant because the debts we enrolled our gaining interests and late fees. The debt company settles an account- For example, we enrolled a creditor for 1400 but when settled 1800, they settle for 1300... That is scary because we have 10 other creditors accruing and they only settled 3, pending 4 right now. All that to ask, When interests and late fees accruing for over 3 years on a credit card, how are we not paying more in long run?
Hey! Thank you so much for the comment, I'm so sorry to hear that it's been a bit stressful. You make a great point, the plan may not work super well for everyone, it depends on what your creditors are willing to negotiate to. So, if they only settle for 100$ less and interest is consistent, it may not be enough relief compared to what you need. What company are you with? I would love to chat more in-depth, give us a call at 833-272-3631 if you have a free moment!
Ohhh I see, so you are deep into the program. Have they settled on any accounts yet? Yeah, check us out! All our info and calls are free, so feel free to reach out if you just want to chat through things!
Michael Bovee is great. I feel like he's one of the handful of people that are putting people's needs first. I actually just spoke with him maybe a month or so ago, so I definitely appreciate the work he's doing! I believe he's also quite accessible and is really into the training aspect. If you'd like to speak with him or his team, I believe you can get a free evaluation on his website. Also, if you're interested in chatting with me, feel free to schedule something on my calendar and would love to go over what you are going through: calendly.com/ben-tejes-ascend/free-chat
I have been curious on this. I have gotten myself and my wife into so much debt its not funny. I've heard according to Dave Ramsey that debt refief isnt good, I want to know more.
Yeah! Let's talk about it. It MAY be a good option for some people while other options MAY be significantly better for others. Really depends on your situation and values Shoot us a text/call at 833 272 3631 or fill out the form here: tryascend.com/qualify/calculator/youtubehowdswork?title=Debt+Settlement+Cost+And+Duration+Calculator
I would like to negotiate for debt settlement with the creditors, but the loans are not past due long enough. Is it better to pay a portion of the minimum payment than completely missing payments?
It may depend on your overall strategy. Doing debt settlement uses being behind as leverage to settle the debt for less. It may be harder to get a creditor to settle for a lower amount if you are current on your payments
Hi, I believe it really depends - your credit score will have paid - settled for less, but in some cases, a creditor will delete the record from your credit report when paid. We actually have a great list of those creditors who do that. Also, as I'd like to be more accessible to my RUclips viewers, I am now having free quick chats. So, if helpful, would you book something on my calendar: calendly.com/ben-tejes-ascend/free-chat? Thanks - Ben
I'm in a debt settlement program. Would the credit card companies work with me if I decide to take them out of the program and negotiate on my own? I'm talking about the ones they have not started payment on yet.
Hey! You can check out our article on that firm tryascend.com/debt-relief/company/americor and if you have any questions, feel free to give us a call at 833-272-3631.
Thanks, that’s actually one of the major reasons we started ascend finance as we felt the exact same way that many relief companies were just looking to maximize fees, not explain fees, lawsuit likelihood, tax consequences. I’m sorry you had that experience too. Thanks for sharing -Ben
Some companies maybe that, but not all are fee focused. Fees are built into the overall payment of a program and is a fraction of what would be paid with the accruing interests. continued success
@@quickstrike2010 Thank you so much for your question, we appreciate you Ive gotten that question alot.. we will make a updated RUclips on it as well. !! here is how: the program payment includes estimated settlement amounts as well as fees that are built into the payment. Those include you dedicated account banking FEES (savings acct, this as this like an ESCROW ACCT) for a company service and the flat fee 15-25% that the company charges for services. They will never charge or collect any fees for their services until a debt is successfully negotiated, you as the client have to APPROVE the settlement and at least one payment is made to the . So once a debt is settled the creditor, negotiating team all the fee is satisfied upon the success of the settlement. hope that was not too long winded but give a good idea, My and my partner background is and was licensed Mortgage loan officer as well for Rocket Mortgage aka Quicken+ Wells fargo. before retirement. Have a powerful week !! 😊
Thanks for sharing! That would be the ideal scenario, but I think if someone loses a job and can't pay it back for some reason in full, it's helpful to know options such as debt settlement, bankruptcy, etc. Anyhow, thanks again for comment! -Ben
As creditors and the Fed continue to raise interest rates, do you think it’s fair to charge 25%+ interest? It’s predatory, especially since majority of Americans aren’t taught financial literacy for a reason.. to keep us in debt. If you settle your debts, the creditors still earn the majority of your debt PLUS they get a tax write off for the amount you aren’t paying, they clear their books and are able to lend out credit to the next poor soul to fall into the trap. This is a SYSTEM. don’t feel bad for these billion dollar companies.
Hey Kishanna, that is a fantastic question. Your credit score affectedness may depend on the condition of your credit when joining the program. The house question is really tricky and nuanced. Here's an article we wrote on the subject: tryascend.com/debt-relief/credit-score-impact.
Thanks for the comment, Steven. Was there anything in the video that we could improve on? For context, our goal is help more people stayed informed so they are able to make the most informed decision.
So I did sign up with a debt relief program but haven’t given them any money yet. The more I learn about this, the more I don’t want to do this. How easy is it to back out of a program like this?
Hi! It should say in your client services agreement that you can cancel as long as they haven't settled on any accounts. If you want to explore other options, all our services are free so call/text us at 833-272-3631.
@@rsvldzI backed out of it. My debt wasn’t unmanageable. I was making my payments. But interest was just very high. I didn’t see the point in destroying my credit to pay down $30k which is about ⅓ of my annual income.
@@rsvldzIm currently on the same boat as you but I already started my first bi-weekly pay so idk for sure if I can still back out due to the fact that creditors can proceed with legal lawsuit if I’m gonna proceed with the program
Thanks for watching! As I mentioned in the video, you can check out the 3 Top Settlement Companies here: tryascend.com/debt-relief/company/3-top-debt-relief-companies
If you have any questions, feel free to give us a call at 833-272-3631!
I once was gonna do a debt settlement but decided not to do it cuz of 1 question i asked! I asked them that if the moment my debt settlement contract goes into effect, will all my credit cards interest freeze? They said No.
That is correct. They do not freeze the interest accrued. You may be able to contact your creditors directly to get put into a hardship program which may be able to reduce or pause your interest for a period of time. If you need help understanding options my team is always available to chat through things at (833)272-3631. Feel free to text or call us at anytime!
This is so helpful. Thank you!
You're so welcome! Thanks for the kind words! - Ben
Very informative and helpful video
Thank you so much for the kind and encouraging words!
You should include 1099s as well in a future video. People settle debts and then wonder why they got a 1099 for the amount forgiven.
Great idea, Matthew! We will plan to have a video covering 1099-c cancellation of debt and how it works and tax solvency. Thanks for watching!
IRS 982 form for insolvency. Look it up. Will apply to majority of folks in these programs 😉
We have that on our PAGE as well to provide insight.. Great video Ascend!!
@@AscendFinance do you have any client cases that are willing see if they received Form 982...? appreciate the videos keep it up
Thank you for the encouragement! I don't believe we have any client cases for that that I know of off the top of my head but I'll keep it in mind.
You spoke about fees and such but when I called a Program they said they could lower my total debt by 3,000 dollars. That’s great right?
And I was definitely leaning toward not doing this because it seems like it would destroy my credit but you say it can be built up again?
Thanks this video helped me feel more comfortable about this process.
And do you recommend any particular Program?
Thanks, GreySkies!! We don’t like many outfits in this space, but we do really like this outfit based on low fees, great BBB rating and awesome reviews - bit.ly/3C4mzfQ
I'm Disabled & have $13k in Credit Cards. 10 low credit amount cards to be exact.
They are all almost topped out, however, ive never been late in the 2yrs I've had my Cards. I just cant get ahead. I have a perfect payment history but, at 29.9% im not catching up.
The debt settlement company told me that if i enrolled, i would pay around $265 a month for 36 months, zero interest for a total of a bit over $4000 dollars. He said the law firm would handle everything & they would send out letters to all the card companies.
He did say, most do not reply to this letter.
Then they handle everything & it wouldn't effect my credit but its tanked anyway.
It sounds like a scam but I'm leaning 50/50 towards doing this.
Thanks for the context, Mike. Questions for you: - what did the debt settlement firm state that your chance that you would be sued by each creditor? Like, are all of them low risk? What was the estimate that they gave you in terms of potential tax liability and if that was the case? Finally, is your income judgment proof, so if there were lawsuits while in the program, can they extract money from you or is all your income protected?
Thanks! -Ben
Just FYI -- $265 a month for 36 months is $9540, not $4000. If you have $13,000 in debt, you would be paying almost 75 cents on the dollar to settle. Think hard about signing up for one of these programs and know exactly what you're signing up for. Since you are disabled, there might be a service available to you (that wouldn't be offered to the general population) that is trustworthy to help you with this problem. Good luck.
Thank you for sharing this!
It never ceases to amaze me how people who dug themselves into a permanent debt hole are still worried about their credit and getting more debt... Worry about growing your net worth, no your ability to reduce it!
Also if you spent 100% of your income on just living expenses and minimum payments, few organizations will give you *more* credit just because it looks bad on paper regardless of your credit score (like would you give someone a loan when they can't even pay down their current loans?).
I received a mail that mentioned eligibility for credit card debt forgiveness through our federally regulated debt relief program, half of my credit card balance to be forgiven in California. So my question is what is the disadvantages if I use that debt relief program?
Thanks
That sounds like a debt settlement program. We wrote a deep dive article about the pros and cons of Debt Settlement: tryascend.com/debt-relief/pros-and-cons/ytcomm
I received an assignment for debt settlement signing, but did some digging and many signing agents don't accept them, as it can impose some liability in the future.. it seems like the debt settlement is having the notary act as a representative for them, when in fact the notary public is biase to either party and just there to witness and notarize the customer signature.
Hey! I’m not exactly sure how notary works here, but please give us a text or call and I can answer your questions - 833-272-3631 - Ben
Does it really settle debt though?? I don't have a late payments but starting to feel I am going to be late soon :( should I call settlement company now? and is freedom relief company a good one?
Hey Marley, yeah it does settle debt! However, it would be helpful to chat through your creditor mix to make sure you're not at high risk of being sued. In regards to your other question, Freedom Debt Relief is definitely a larger debt relief firm but it would be helpful to make sure the fees are reasonable before signing up. If you have a moment today or tomorrow, give us a call at 833-272-3631. That way we can chat through the creditor mix and I can provide some more insight into the different companies out there.
I sign to Freedom, they gave different options. I owe 65000 in debt. Was paying my credit card company. One company went to 26 percent. I couldn't pay the minimum.
Hey! Are you still with FDR? How's it going?
Good breakdown! Thank you!
You're most welcome, Will! If you have any questions about options, please feel free to to text or call us at 833-272-3631 or schedule a complimentary 15 minute call: calendly.com/ascnd/call. Thanks -Ben
Most of all my debts are passed charge offs or in collections. Will curadebt be a wise choice?
They could be a good choice! Would love to chat more about it over the phone.
Give us a call/text at 833 272 3631 or schedule some time on our calendar here calendly.com/ascnd/call
I can't speak about specific companies but there have been serious problems in the debt consolidation industry.
1. Is the money specifically allocated for payment. This gentleman suggests a sensible program where a consumer pays say $400 per month, 150 is used for cost and counsel fees, and the remainder for payment. Fine, but not every program works that way. Better confirm that they specifically agreed to allocate a certain amount per month for payment.
2. Skills and disposal of claims It's not so easy. One law requires a debt validation process and some send notices. But failure to comply may not eliminate the debt and a company might just say the debt has been verified or forward a recent statement. The collection lawyers are fairly tough, it's a competitive business where they're measured against one another, so don't count on easy settlements.
3. Complaints Check and see what the company's record is and how they're viewed by other customers.
4. Time Period They may provide a 2 or 3 year program but why? They can contact a bunch of companies at the beginning and try to negotiate settlements if they wished. What happens if you pay for 2 years and find the debts haven't been resolved. So you want to check for tangible progress on resolving claims early in the process, and get out if you're not getting satisfactory answers.
5. Can you do it alone Sometimes you can consider negotiating on your own.
6. Communicate hardship Hardship is a significant issue in many settlements and programs. Give the company information early and again, see if they're able to resolve matters.
100% agreed that there have been SIGNIFICANT issues in the debt relief industry. For the $400 monthly payment that you specified, can you let me know why $150 would be going to cost and counsel fees? Often debt settlement companies should charge after the debt is settled. That said, are you referring to a debt relief law firm?
How does debt relief program affect loans? I see a lot for credit cards but not a ton on loans. Do you have a video for this?
Great questions, Kassie. Generally with loans, the accounts would fall behind, and then the accounts would charge off around 120-180 days past due. With loans, you don't necessarily close the account like a credit card for a debt relief program, but you may have to call the lender or servicer to stop the payments from being pulled automatically. The relief program may settle that account before it reaches that point. What other questions can I answer? Give us a call/text if you have any other questions whatsoever: 833-272-3631 Thanks - Ben
If you sign any paper work with these companies, can you back out of it before they start reaching out to the your creditors?
Yes, generally, but if you are thinking of backing out before signing, have you found the right company?
Yes even if they reached settlements
I'm thinking of starting my own debt settlement business to help people manage their debt. Do you have any videos or advice for me on doing that? - Eric
Thanks for the comment! The process to start the company was quite tedious as there’s a lot to consider! Feel free to call us though if you want to chat through it!
did u start it yet because your late
Hi Ben, I am helping my grandparents with minimizing credit card debts. They are in a debt relief program as of last year. We are feeling hesitant because the debts we enrolled our gaining interests and late fees. The debt company settles an account- For example, we enrolled a creditor for 1400 but when settled 1800, they settle for 1300... That is scary because we have 10 other creditors accruing and they only settled 3, pending 4 right now. All that to ask,
When interests and late fees accruing for over 3 years on a credit card, how are we not paying more in long run?
Hey! Thank you so much for the comment, I'm so sorry to hear that it's been a bit stressful. You make a great point, the plan may not work super well for everyone, it depends on what your creditors are willing to negotiate to. So, if they only settle for 100$ less and interest is consistent, it may not be enough relief compared to what you need. What company are you with? I would love to chat more in-depth, give us a call at 833-272-3631 if you have a free moment!
@@AscendFinance They are with Freedom debt relief... I will have to check your company out. But at this point, we are about a year in this March.
Ohhh I see, so you are deep into the program. Have they settled on any accounts yet? Yeah, check us out! All our info and calls are free, so feel free to reach out if you just want to chat through things!
What do you know about Michael Bovee of consumer recovery network?
Michael Bovee is great. I feel like he's one of the handful of people that are putting people's needs first. I actually just spoke with him maybe a month or so ago, so I definitely appreciate the work he's doing! I believe he's also quite accessible and is really into the training aspect. If you'd like to speak with him or his team, I believe you can get a free evaluation on his website. Also, if you're interested in chatting with me, feel free to schedule something on my calendar and would love to go over what you are going through: calendly.com/ben-tejes-ascend/free-chat
Can I get the debt calculator link please
Hey! No problem! tryascend.com/qualify/calculator/quick
I have been curious on this. I have gotten myself and my wife into so much debt its not funny. I've heard according to Dave Ramsey that debt refief isnt good, I want to know more.
Yeah! Let's talk about it. It MAY be a good option for some people while other options MAY be significantly better for others. Really depends on your situation and values Shoot us a text/call at 833 272 3631 or fill out the form here: tryascend.com/qualify/calculator/youtubehowdswork?title=Debt+Settlement+Cost+And+Duration+Calculator
I would like to negotiate for debt settlement with the creditors, but the loans are not past due long enough. Is it better to pay a portion of the minimum payment than completely missing payments?
It may depend on your overall strategy. Doing debt settlement uses being behind as leverage to settle the debt for less. It may be harder to get a creditor to settle for a lower amount if you are current on your payments
@@AscendFinance thanks for the quick reply!
Of course! Did you figure out what you are going to do?
After debt settlement is it posible to get a home loan? Or you would be flagged because of if ?
Hi, I believe it really depends - your credit score will have paid - settled for less, but in some cases, a creditor will delete the record from your credit report when paid. We actually have a great list of those creditors who do that. Also, as I'd like to be more accessible to my RUclips viewers, I am now having free quick chats. So, if helpful, would you book something on my calendar: calendly.com/ben-tejes-ascend/free-chat? Thanks - Ben
How about if you paid off debt consolidation still possible to take care loan
What the chances of being sued
Virginia! Great to hear from you! This is Ben - Let's catch up next week. It depends on the creditor, but we can chat about that if it's helpful!
@@AscendFinancehow about Thursday
I'm in a debt settlement program. Would the credit card companies work with me if I decide to take them out of the program and negotiate on my own? I'm talking about the ones they have not started payment on yet.
Often, yes! Have you not been happy with your current program?
@@AscendFinance I have, but I recently came in to some money. If they are willing to work with me I’d rather save myself the 25% fee.
That makes sense. Were you able to get settlements on your own?
Good video BUT STUPID IPHONE NOTIFICATIONS
Thanks for the feedback, I'll keep that in mind.
Has anyone worked with Americor?
Hey! You can check out our article on that firm tryascend.com/debt-relief/company/americor and if you have any questions, feel free to give us a call at 833-272-3631.
My experience debt relief company are only in it for their fees. They do not care about the client or what’s best for the client.
Thanks, that’s actually one of the major reasons we started ascend finance as we felt the exact same way that many relief companies were just looking to maximize fees, not explain fees, lawsuit likelihood, tax consequences. I’m sorry you had that experience too. Thanks for sharing -Ben
Some companies maybe that, but not all are fee focused. Fees are built into the overall payment of a program and is a fraction of what would be paid with the accruing interests. continued success
@@ReliefRoadmap how can fees be built in when by law you can’t collect fees until a settlement is done?
@@quickstrike2010 Thank you so much for your question, we appreciate you Ive gotten that question alot.. we will make a updated RUclips on it as well. !!
here is how: the program payment includes estimated settlement amounts as well as fees that are built into the payment.
Those include you dedicated account banking FEES (savings acct, this as this like an ESCROW ACCT) for a company service and the flat fee 15-25% that the company charges for services.
They will never charge or collect any fees for their services until a debt is successfully negotiated, you as the client have to APPROVE the settlement and at least one payment is made to the .
So once a debt is settled the creditor, negotiating team all the fee is satisfied upon the success of the settlement. hope that was not too long winded but give a good idea, My and my partner background is
and was licensed Mortgage loan officer as well for Rocket Mortgage aka Quicken+ Wells fargo. before retirement. Have a powerful week !! 😊
You should be able to get a refund on accounts that were not settled but the fee is built into your monthly payments.
If you acquired the debt, then you should pay all of it back.. I was taught to work and pay all of my debts MYSELF.
Thanks for sharing! That would be the ideal scenario, but I think if someone loses a job and can't pay it back for some reason in full, it's helpful to know options such as debt settlement, bankruptcy, etc. Anyhow, thanks again for comment! -Ben
As creditors and the Fed continue to raise interest rates, do you think it’s fair to charge 25%+ interest? It’s predatory, especially since majority of Americans aren’t taught financial literacy for a reason.. to keep us in debt. If you settle your debts, the creditors still earn the majority of your debt PLUS they get a tax write off for the amount you aren’t paying, they clear their books and are able to lend out credit to the next poor soul to fall into the trap. This is a SYSTEM. don’t feel bad for these billion dollar companies.
@alwaysTTG thank you for sharing this perspective, sometimes the interest rates can be very high
Very noble of you
Are you currently hiring?
Hi! We are not, sorry about that.
So what happened to your credit score and how will it affect you in the longer run if you want to buy a house?
Hey Kishanna, that is a fantastic question. Your credit score affectedness may depend on the condition of your credit when joining the program. The house question is really tricky and nuanced. Here's an article we wrote on the subject: tryascend.com/debt-relief/credit-score-impact.
Never take advice from anyone whose title starts with EX
Thanks for the comment! Was there anything from the video specifically that we can improve on?
I feel quite the opposite depends on the industry. I feel like he's more like a whistleblower.
Thanks for the comment, Steven. Was there anything in the video that we could improve on? For context, our goal is help more people stayed informed so they are able to make the most informed decision.
So confusing
I know it's a confusing process, if you want to call us at 833-272-3631, I can try to break it down for you!
How can I get a HELOC to pay off my debt consolidation when it screwed up my credit score?
It can be challenging for sure. Have you checked your rate? Give me a call if you have a chance at 833-272-3631. - Ben
Easily, as long as you have plenty of equity. Your rate will just suck, but at some point someone will give you a loan as it's secured by property.
Scam no way
It actually can work well for some people, it just depends!
So I did sign up with a debt relief program but haven’t given them any money yet. The more I learn about this, the more I don’t want to do this. How easy is it to back out of a program like this?
Hi! It should say in your client services agreement that you can cancel as long as they haven't settled on any accounts. If you want to explore other options, all our services are free so call/text us at 833-272-3631.
Did you end up cancelling or sticking with it? I signed up today but I’m just like you. I can’t handle the fact that I’ll have late payments.
@@rsvldzI backed out of it. My debt wasn’t unmanageable. I was making my payments. But interest was just very high. I didn’t see the point in destroying my credit to pay down $30k which is about ⅓ of my annual income.
Hey! Sorry to hear about this. Do you have a path forward? Feel free to give us a call at 833-272-3631 if you want to chat about your options!
@@rsvldzIm currently on the same boat as you but I already started my first bi-weekly pay so idk for sure if I can still back out due to the fact that creditors can proceed with legal lawsuit if I’m gonna proceed with the program