Free Debt Options Calculator: https://tryascend.com/qualify/calculator/quick/ytdsbk24
See if you qualify for bankruptcy: https://tryascend.com/qualify/bankruptcy/ch7/quick/ytdsbk24

Do you qualify for a loan? Check and compare your options: https://tryascend.com/qualify/consolidation-loan-and-alternatives/ytdsbk24

Debt settlement or bankruptcy – which one truly makes sense in 2025? Many people facing overwhelming debt feel trapped between these two choices, but the real differences go far beyond what most videos share. This updated guide from Ascend Finance dives into the hidden credit score impacts, the risks no one warns you about, and how the wrong choice can delay your financial recovery for years.

You’ll see why some people’s credit scores barely move while others face lasting setbacks. This video uncovers how debt settlement actually works behind the scenes, including the realities of falling behind on payments, potential lawsuits, and what those “no upfront fee” companies don’t explain. It also touches on Chapter 7 vs. Chapter 13 bankruptcy and the surprising scenarios where one option might quietly outshine the other.

If you’ve been wondering whether to negotiate with creditors or start fresh through bankruptcy, this breakdown will make you think twice before committing. The differences in 2025 are more significant than ever – and the path you choose could change your financial future.

Here’s what we cover in today’s video:
0:00 Debt Settlement vs Bankruptcy
0:30 Credit Score Impact Explained
2:45 When Debt Settlement Makes Sense
5:24 How Debt Settlement ACTUALLY Works
7:20 Risks and Lawsuit Potential
8:45 Debt Settlement Company Fees
10:15 Chapter 7 vs Chapter 13 Basics
12:40 Which Option May Be Better for You

At Ascend, we are dedicated to making debt freedom cheaper, easier, and faster.

Music: bensound.com
License code: 0PQPYEPTYPS5ODIQ

Pros and Cons of Debt Relief & Settlement

Patrick Regan explains how a settlement mediation conference comes up with most cases and occurs just before trial. They are used to help come to understandings and to help conclude cases with help of a mediator.
#legaladvice #reganzambrilong #personalinjurylawyers #personalinjury #legalteam #experiencedattorney #settlementmediation #mediation

Pwedeng mabawasan ang utang, maprotektahan ka mula sa harassment ng collectors, at magkaroon ng mas magaan na payment plan.

Panoorin ang reel habang si Ms. Eunice Lou ang nagpapaliwanag kung paano ito nakatulong sa mga nahihirapang makabayad.

???? Kung gusto mong malaman kung bagay ito sa’yo, message us today!

#DebtMediationPH #BayadUtangSmart #DebtRelief #DebtHelpPH #NoMoreCollectors #FinancialReset #DebtAidPH

Gauteng government has announced it will this week pay a second instalment towards the e-tolls debt.

MEC for Finance and Economic Development Lebogang Maile says the Gauteng government will make a payment of R5.5 billion.

Over R2 billion of this money will go towards road maintenance, while R3.4 billion goes towards the outstanding e-toll debt.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Settle your debt: https://www.solosuit.com/solosettle?mkt=yt+negotiate+debt+settlement+on+your+own
Respond to a debt lawsuit: https://www.solosuit.com/debt_answer?mkt=yt+negotiate+debt+settlement+on+your+own
Make a motion to compel arbitration: https://www.solosuit.com/motion_to_compel_arbitration?mkt=yt+negotiate+debt+settlement+on+your+own

We wanted to know how to negotiate debt settlement with creditors and debt collectors, so we asked a lawyer, John Skiba:

0:00 Intro
0:46 Don’t threaten bankruptcy unless you actually mean it
1:28 Give them reasons to accept your debt settlement offer, such as hardship
2:20 Tell them about any other debts you have
2:45 Be prepared for a counteroffer
2:54 Make a fair offer
4:34 Negotiate with the opposing attorney

If you want to settle your debt, making empty bankruptcy threats isn’t the best move. Instead, illustrate your financial hardship and other obligations, such as tax debts or child support, which can affect a creditor’s ability to collect.

Make a realistic offer, and be prepared to receive a counteroffer.

BOUT: John Skiba has 21 years of experience in consumer bankruptcy and debt defense. He runs the @Consumer_Warrior YouTube channel and owns Arizona Consumer Law Group, PLLC: https://skibalaw.com/

In this video, we delve deep into the world of mediation in B2B legal debt settlement. Discover what mediation is, how it works, and how implementing it can bring immense benefits to your business.

Learn about the pros and cons of mediation in legal debt settlement and gain valuable insights to help you navigate through complex negotiations effectively.?

Don’t miss out on this comprehensive guide that will equip you with the knowledge and strategies needed to succeed in resolving legal debt disputes through mediation.?

#Mediation #B2B #LegalDebtSettlement #BusinessBenefits

Debt consolidation and debt settlement are two common debt management strategies that can lower the amount of interest you owe and help you pay off debt faster and more simply. Lending Nerd, Kate Wood, helps you understand both and gives you important questions to ask yourself to choose the best strategy for you on your debt management journey.

Suggested Resources:
Compare Debt Consolidation Lenders: https://www.nerdwallet.com/best/loans/personal-loans/debt-consolidation-loans
What is Debt Consolidation and Should I Consolidate? https://www.nerdwallet.com/article/loans/personal-loans/what-is-debt-consolidation
What is Debt Settlement and How Does it Work?
https://www.nerdwallet.com/article/loans/personal-loans/how-does-debt-settlement-work
Debt Consolidation vs. Debt Settlement: Which is Better?
https://www.nerdwallet.com/article/loans/personal-loans/debt-consolidation-debt-settlement

Chapters:
#NerdWallet #PersonalFinance #DebtManagement
Subscribe to NerdWallet – https://bit.ly/3wGvVf3

About NerdWallet:
We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.

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Balance Transfer Card vs Personal Loan: Which Is Best for You? | NerdWallet
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In this video, we share a client’s triumph as a debt collection agency finally removes their account and ceases all communications. However, the agency did not acknowledge the settlement proposal for violating the client’s rights. Watch as I draft the final response letter before taking legal action. Learn about your rights, the importance of standing up for them, and how to navigate complex debt collection disputes.

?? Drafting Powerful Response Letters ?? ?? Know Your Rights ?? ???? Stopping Unfair Debt Collections ????

#DebtCollection #ConsumerRights #FDCPA #CreditRepair #LegalAction #ClientSuccess #DebtDispute #SettlementProposal #FinalResponse #ProtectYourRights

Struggling to get a handle on debt?

In this video, I break down the difference between debt consolidation and debt settlement to help you understand which option might work best for your situation.

Learn how each approach affects your payments, credit, and overall financial goals.

Budget sheet: https://www.square1accounting.com/_files/ugd/7e2248_c7d700c870b74869aa2e278d268a5fac.xlsx?dn=2024%20Budget%20%26%20Debt%20Managment%20Worksheet.xlsx

Budget App: EveryDollar

Debt Consolidation Card offer: https://www.citi.com/credit-cards/compare/balance-transfer-credit-cards