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Debt Consolidation Advice: Top 3 Debt Settlement Companies For Poor Credit馃帀 - YouTube
Channel: Timesha Holmon
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but hello are you overwhelmed with the
debt that you have no idea how you're
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going to pay do you seem to have more
bills than money coming in in the month
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and it seems like it's constantly
growing more and more do you need
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solutions fast and you don't want to
entertain bankruptcy although I don't
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have as Cavalier an attitude toward my
debt as the song suggests I'm actually
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up most nights with severe panic attacks
I've taken to throwing up in the yard so
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my wife won't hear me well you're in
luck because today we're about to talk
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about the top three debt settlement
companies in 2019 and they are even
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great for people with poor credit
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I know exciting right but before we get
into that if you are new welcome my name
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is Timesha Holmon and I'm a financial
coach and the owner of the own the life
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of your dreams calm and my goal is to
liberate you from all the financial
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things that have you bound so if you're
interested in learning more about this
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information make sure that you subscribe
and hit that Bell notification so that
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you can join me on this journey okay so
let's get on with it the companies that
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I'm about to share with you are great at
debt settlement or debt negotiation and
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so basically what that means is they do
not offer you alone but they have a
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specialized advisor that talks you
through your options and gives you some
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that can help narrow down your options
so it's kind of like cars.com
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where you have cars.com which basically
is a one-stop shop for getting cars from
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different vendors and so basically these
companies will set you up with different
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vendors that will help you meet your
financial goals or they will negotiate
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your debt down so that you can meet your
financial goals and not have to deal
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with paying a whole lot of high monthly
bills and they consolidate it all in one
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for you now here is a disclaimer on debt
settlement or debt negotiation number
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one it is only for the desperate okay if
you can manage your money or you you are
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not in default with your money at all or
with your bills or paying your bills
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then this is not for you if you just
struggling a little bit then I have
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other videos for you that you can watch
later that will help you deal with that
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type of debt these are the for the
people who have mounting bills find me a
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way to get Rabbid that money it's
impossible sir their credit is piss-poor
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sir and it could be to no fault of your
own it could be you lost your job and
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you just gotten so
so bogged down with debt that you can't
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get out or you have mounting medical
bills and who doesn't have medical bills
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right and you just feel like you are
trapped and there's no way out and your
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credit is already jacked up you're in
default or you're not able to make all
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of your payments this is for you all
right because these companies will jack
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up your credit all right I repeat they
will jack up your credit but if you're
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desperate
it doesn't matter right because you just
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want to get your monthly payments down
and get some relief and so these
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companies will offer that for you so I
want to make sure that you do your
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homework why because a lot of the
reviews that I read about these
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companies yes some of them had to do
with customer service issues being on
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the phone too long and so on and so
forth but a lot of them had to do with
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the fact that they jacked up their
credit well that is what the company is
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going to do that is what they have
already proposed in their process that
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they are going to take the money tell
you to stop making payments on your
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debts and put your money into this fund
and then they will negotiate things down
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but in the process of doing that you
will go into collections and you will
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also get some lawsuits against you it's
a part of the process so do your
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homework if that's something that you
really don't want to go down that path
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then stay away from these companies but
if you're desperate then go forth they
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will help you in the long run okay so
let's get to the list number three is
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accredited debt relief all right
and the pros accredited that relief is
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it's best for debts that are above
$7,500 okay you do not have to submit a
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credit score to be qualified for this
actual program it is a plus a Better
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Business Bureau rated and it's a FCC
highest ethical standard you want to
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have these companies have these
endorsements because that means
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that though it is not federally
recognized these private endorsements
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show that this company is about their
business they do exactly what they're
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supposed to do and that they're looking
out for the consumer which is definitely
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something that you want to have behind
you when you're dealing with debt and
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your money you want people on your side
that have the credentials to do what
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they need to do to make it happen for
you all right so they are a FCC highest
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ethical standards rated okay they also
will combine all of your debts to one
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monthly low payment awesome right
they reduce your debt in 24 to 48 months
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so you're looking at a two to four year
window and there is a money-back
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guarantee for accredited debt relief now
some cons the interest rate can be high
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okay so going into it you're gonna be
paying a lot more on your debt than what
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you would have been paying before you
got involved with it that's part of the
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process okay only available in 29 states
so if you're interested in accredited
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debt relief then you need to make sure
that your stake is one of the ones they
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work with they have had some customer
service issues all right and they do
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have some transparency issues they do
not tell their consumers everything
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which is why it's number three and
number one all right now the false
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promises that I read about like I said
before it just has to do with the fact
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that the customer did not get all the
information ahead of time and if there's
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something that you're wanting to know
then you need to make sure that you find
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out that ahead of time Oh awesome these
did these companies deal mainly with
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unsecured loans and what unsecured loans
means is basically it's not backed by
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collateral so most of these companies
except for number one do not deal with
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auto loans they do not deal with house
payments they do not deal with student
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loans
all of those are backed by
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collateral so you want to make sure that
whatever company that you use if you
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want to bundle those loans in to your
actual monthly payment that you find a
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company that can do that and the number
one company does do some of that but you
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have to actually talk to them to make
sure which ones they actually bundle
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into that okay so number two is sure a
dead all right and some of the pros if
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your debt is it gives you debt
consolidation assistance but it's not a
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one-stop shop it gives you a plethora of
different things that you can actually
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get involved with as far as debt relief
so it can handle your taxes that can
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handle a whole lot of different debt
issues so Tura debt is awesome for that
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they also offer a money back guarantee
they are I a PDA and a FCC accredited
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okay so that's great as far as making
sure that they are going to handle you
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and take care of you all right now you
have to have a debt at least $10,000 to
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get involved with Kyra debt all right
and they also combine one low monthly
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payment for you
the cons the fees are high all right so
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you need to make sure that you can
handle that and realize that when you're
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paying off your monthly payment that
your debt is going to get their money
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too and it's probably going to come in
at the end so after you are paying off
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all of your monthly payments all of your
debts they're going to hit you with a
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big fat bill at the end so they'll be
shell-shocked just make sure that you
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know what you're getting into when you
talk to them and it is an easy process
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to apply and get involved with it's only
available in 32 states okay so make sure
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that your state is one of them that they
actually do service also understand that
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the site can be confusing there was a
review that said that they
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on the site and they just did not
understand how to navigate it in their
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work a lot of people as far as customer
service giving them time to help them
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navigate the site they couldn't
understand what debt was being paid off
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and how much was being paid off and
sometimes when your debts are being paid
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off you want to know if you can go
faster or if your high interest rate
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debts are being cancelled or paid down
and they didn't really offer that
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understanding to this actual customer so
please be aware of that and make sure
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that you know that ahead of time all
right all right
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the last one number one drumroll please
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national debt relief okay and so the
pros for national debt relief of course
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with all of them you get the one low
monthly payment they will they will
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reduce your debt in 24 to 48 months
there are no upfront fees this company
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will offer free assistance and could
possibly offer free assistance or no
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monthly payments while you're in the
process okay so that is great great
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great especially if you're already
struggling for money however that means
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that you probably will have to pay them
back at the end so make sure that you
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know that that and make sure that you
find out how much that is before you get
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involved with national debt relief all
right they do offer a money-back
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guarantee and they do have a minimum
debt of at least $7,500 so if your debts
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are $7,500 and above that you can
definitely get with national debt relief
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all right some of the cons the fees are
high okay so I believe is like 20 to 25
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percent and that goes basically all of
them all right
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so know that you are gonna have to pay
out the wazoo to be involved with these
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companies it's only available in 41
states however that's better than the
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other ones all right so that means that
there's nine
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that are not covered so make sure that
you check out that information before
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you start the process with them and
there are false promises but like I said
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before I think it's more due to the
consumer not doing their homework ahead
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of time then national debt relief not
providing what they need to provide if
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this I hope this video was a value to
you if you're interested in finding more
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information about finances and debt and
personal finances and actually setting
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yourself financially free I think you
will love this video that's floating
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above me until next time make sure that
you do everything to live free by now
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