How Does Debt Settlement Work?

Описание: Some debt settlement companies advertise that they know debt settlement secrets that the credit card companies don't want you to know about, or that they have some other special assistance program they can use to get you out of debt. "You have the right to settle your debt for less than you owe." Of course you do, but it takes two to tango, and the creditors have the right to tell you, "No".

In this video I go over what exactly debt settlement companies do, what are both their advantages and disadvantages, and whether or not you should consider debt settlement.

These are only my opinions, formed after 20 years of dealing debt for clients. Furthermore, none of this is legal or financial advice. Remember, I am a lawyer, but I'm not YOUR lawyer. :)

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And, yes, Gertie makes an appearance!