25 Comments:

1. 

   ganguerito / March 28, 2009 4:19 am

   this is so much fun…..hell with the cards
2. 

   janb6969 / April 11, 2009 1:32 pm

   suze makes a nice milf.
3. 

   SoldierCyfix / April 20, 2009 6:30 am

   don’t own a credit card, if just that simple

   i have owned one in the past and got rid of it as soon as i first used it for a large payment
4. 

   Freshfinance / June 16, 2009 4:42 pm

   The title is a little ridiculous to say debt consolidation is a scam. Yes there are some rogue companys but there are others who can be very helpful
5. 

   VF5 / July 14, 2009 3:20 pm

   The title is completely misleading! Debt settlement and debt consolidating are different!
6. 

   alyssabradford / August 22, 2009 3:49 am

   A good reputable debt settlement company will “NOT” charge you an upfront fee!! Most cc companies will not settle with a consumer, they mostly make a deal on the interest that they and then compound that interest at the end of the deal. DS uses collective bargaining… Do your homework Suze!! Writing an agreement on your check mean NOTHING! Check out Banking regulations! You get a letter of the terms prior to sending a creditor anything! They do not have jurisdiction over the IRS.Come on
7. 

   bodine1231 / September 5, 2009 3:22 pm

   Very misleading,she is talking about settlement,NOT consolidation. Consolidation is just combining all of your credit cards and paying 1 monthly bill.
8. 

   sce05 / September 29, 2009 2:30 pm

   What she doesn’t mention is that not evryone qualifies for a debt management plan and in some instances settlement and bk are the only option.
9. 

   baddebtconsolidation / October 19, 2009 2:59 pm

   Have yo made use of a debt consolidation service? If so how do you find out about it? Did it work for you?
10. 

    baddebtconsolidation / October 19, 2009 3:01 pm

    Interesting point you made, but have you gone through a similar experience and was it more successful than what Suze says here?
11. 

    baddebtconsolidation / October 19, 2009 3:01 pm

    I have to agree with you there!
12. 

    VF5 / October 20, 2009 12:22 am

    Suze Orman is correct; just that the title of this video is misleading.
13. 

    VF5 / October 20, 2009 12:24 am

    I work for a non profit consumer credit counseling, so I know about consolidating and settling debt
14. 

    VF5 / October 20, 2009 12:26 am

    You are correct. And just to add, if one really needs to settle as their only option, it is better to contact the creditor and ask for settlement themselves. No need to work with any settlement company because it won’t do anything good.
15. 

    376Susan / October 21, 2009 9:57 pm

    Consolidation & settlement are HUGE scams they dont help you and are illegal in 12 states do your research if you dont believe me! I found a great company that doesnt have the typical mainstream scam approach for debt relief but actually wiped out my debts legally and permanently..their website is debtcrisissolutions(dot)com and the girls phone # who helped me be free of debt is 347-492-4014 they are amazing and dont put you payment plans or charge a ton of money at all
16. 

    mufaruk / October 23, 2009 3:42 am

    I will never advise a lay person to watch this video and be misled, she is talking in a particular context; first she should clarify what she is talking about; any good presentation starts with definition of terms and scope of presentation.
17. 

    TonyTellsItStraight / October 25, 2009 3:34 am

    A large majority of ‘facts’ in this video are incorrect or misleading. All of them direct you basically to pay the banks as much as possible.
    Facts:
    1. Banks would rather negotiate with you then a professional company because a professional WILL get them to settle for less(20-50%)
    2. CCCS will freeze your credit anyway, if not ‘damage’ it, and again, banks make more money when you pay in full via CCCS then settlement.
    3. Suze here is on the take from FICO. Knew it when I listened, found ver
18. 

    nodietsnopills / October 25, 2009 6:21 am

    Suze is 98% wrong!!!! She is the paid spokesperson for FICO. Ive been in finance for over 20 years; ANYONE enrolled in CCCS will have damaged credit. Each account enrolled is reported with an intervention statement. Dont believe me, go to a CCCS website and check the FAQs. They state they dont report, but the creditors do For goodness sake CCCS is paid by the credit card companies. They are a non profit so check their books. Its a glorified collection agency.
19. 

    nodietsnopills / October 25, 2009 6:26 am

    The only things dear ole Suzy said that was correct. Any company that charges an upfront fee and a monthly fee like the one in the video probably is not the best idea. And yes in settlement you can have a tax liability. Thats the 2% accuracy. But in another video she says that if your insolvent/hardship. The IRS will not force you to pay taxes.
20. 

    nodietsnopills / October 25, 2009 6:32 am

    Finally, folks, ALL debt management programs hurt your credit. The banks lowering your credit limit hurts your credit; the banks closing your accounts and raising your rates hurts your credit too. So do you want to save money or stay in the rat race? Do your homework and do what is best for you
21. 

    nodietsnopills / October 25, 2009 6:39 am

    P.S.: As a former bank officer ANYONE enrolled in a debt consolidation/CCCS program was turned down. And usually needed to wait 12-24 months to re-establish their credit…
22. 

    debtplan / October 27, 2009 1:23 am

    debt consolidation and credit counseling can be helpful but many are way too far in debt to be helped.
23. 

    sysopkc / October 31, 2009 6:45 pm

    thank you, I am constantly amazed by the amount of people that listen to an obvious shill that props up their show on an audience of complete and total idiots who are finacially illiterate.
24. 

    Trumpcard3230 / November 3, 2009 7:17 pm

    canadadebtconsolidationnow(.)com seems to share 7 more ways to immediately get out of debt for Canadians.
25. 

    Moneymanagementpros / November 5, 2009 8:45 pm

    There are proven ways to pay off your debt quickly and in doing so, repair your credit. Consolidating debt only prolongs the misery and payoff date. To get out of debt you need to spend less than you are making, what’s left over should be applied to the debt in just the opposite way that the bank makes money from us. Try using the banks tools against them…it works and I can show you how.