There’s one big reason why enrolling in a credit counseling program may or may not be the best choice during a financial health crisis like Covid-19, and that’s consistency.

For more information on how credit counseling (DMPs) work, please see my in-depth article at:


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Michael Bovee started CRN in 2004 with a mission to provide people in need with detailed credit and debt help. The DebtBytes Channel is an extension of the CRN blog, and is dedicated to finding the debt relief option or strategy that works best for you.

Sue and Rich Ramirez were in their 60s with $85,000 in debt. After one of them lost their job, the reality of an overwhelming mortgage and credit card debt set in. CNBC’s Live and Learn brings the story of a late in life financial recovery.
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Couple Drowned By Debt On The Cusp Of Retirement: Live And Learn | CNBC

How do the finances get split in a divorce or separation? Caitlin Jenkins, experienced family and divorce lawyer at top 50 UK law firm Mills & Reeve, answers questions frequently asked by people trying to navigate their way through the complex legal process of divorce. Mills & Reeve has one of the largest family law teams in the UK and firmly believes in helping clients to help themselves. This video is part of a suite of information for those going through divorce or separation, made freely available on

The United States has a $27 trillion dollar problem. An addiction to government Debt and one which is growing by the day.

US Debt has grown by over 800% since 1990, accelerating its unfavourable title of having the largest debt by value in the world.

But does America’s Debt really matter? Well this depends on who you ask.
Ultimately its addiction to debt is a consequence of tax cuts, an ageing population, and how cheap it has become to borrow ever larger sums.

#USDebt #NationalDebt #GovernmentSpending

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?”How Asia Works: Success and Failure”:
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So, what are the pros and cons of debt relief, or debt settlement?

Let’s start with the pros. Settling your debts through a debt relief, or debt settlement company could resolve your debts in a shorter amount of time.

When you enroll into a debt relief or debt settlement company, they negotiate down your debts on your behalf with your creditors, so that way you can settle your debts for less.

Nothing happens overnight, however, in a few short years, or even months, you may be able to have your debts resolved and paid off for good.

Settling your debts may be a better option than filing bankruptcy, depending on where you’re at financially.

Everyone’s financial situation is different, so that would be something that you would have to talk with a debt expert about to make sure that debt relief or debt settlement is the right option for you.

In a debt relief or debt settlement program, you typically have one lower monthly payment that you can afford to pay, and throughout the program, when you resolve your debts, you’re settling your debts typically for less.

Okay, so here are the cons. Debt settlement could negatively impact your credit, however, if you have a high debt-to-income ratio, that may already be keeping you from getting a loan, even if you have a good credit score. You may be charged a fee if your debts are settled.

A debt relief company is not able to charge you an up-front fee. However, if your debts are settled and you’re using their negotiators and their program, then you may be charged a fee for settling your debts.

Debt settlement and debt relief companies should not charge you a fee until they have reached a settlement agreement that you have agreed to. However, they are still a business and you’re using their top negotiators to settle down your debts with your creditors for less.

Although, you can settle your debts on your own without a fee, going with the right debt relief or debt settlement company that can get you results, may be worth it.

If you’re in financial hardship, debt relief or debt settlement may be a good option for you because you can settle your debts for less and in less time. Your credit, however, may take a slight impact, but once you resolve all your debts, you can start rebuilding your credit again and start fresh.

Thank you for watching, feel free to like, comment, or share on this video below. And if you want more information about if debt relief or debt settlement is the right option for you, visit us on our website at

Schedule your free debt analysis with an Alleviate Financial Solutions debt expert here -

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#alleviatefinancialsolutions #debtrelief #debtsettlement #whartaretheprosandconsofdebtrelief

In this video Revolved Realty Managing Partner covers the differences between Credit Repair and Debt Consolidation, and how each can affect your ability to get a home mortgage…. ? ??
? Your credit score — or FICO — is how banks, mortgage companies, and other lenders judge your credit worthiness.
? The higher your FICO score, the easier it is to get credit and the better terms you command. The lower your score… well… you know…
? If your credit score is low there are things you can do to improve it. It may take some time, but the best time to start is today. ??

This video is sponsored by The Mortgage Firm and Jacob Title.


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If a borrower owes a debt of at least $15,000 that cannot be repaid, then either the borrower or creditor may file a Bankruptcy Application with the High Court. There are consequences to being declared bankrupt such as restrictions to travelling overseas and access to credit.

However, if one has exhausted all other options for repaying his /her debts, bankruptcy is an option for consideration.

Language: English
Presented by Credit Counselling Singapore.

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Peter Schiff on Taxes, Debt, Inflation And More

In this Peter Schiff interview he explains why the government uses taxes to pay all the debt and programs.

Welcome to Success Attraction, the number one place for educational, motivational and business content.

Our mission is to improve people’s lives trough motivation, inspiration and education, from the high achievers of the world.

In this channel you will find the best speeches for motivational videos, best motivational speeches, inspirational videos, success video motivation and best interviews from the top entrepreneurs.

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Too much debt weighs you down, more than you think. Let the Credit Counselling Society help you get debt off your back. It’s confidential, it’s free and it works. Call us. All you’ve got to lose is your debt.