See my research, posts, and articles on debt settlement, including how it works, risks, and alternatives. Click the link to explore key insights and strategies!
🎯 What “Debt Free” Really Means Let’s get real about something that should be simple—but never really is: Getting debt free. Sounds straightforward, right? Pay off what you owe, and boom—you’re free. But if you’re feeling overwhelmed, frozen, or completely burned out trying to chase that dream, you’re not the problem. The real issue? There …
Debt elimination isn’t just about numbers—it’s about freedom. But here’s the painful reality: most people trying to get out of debt are playing a game they were never meant to win. In the latest episode of The Get Out of Debt Guy Podcast, I pull back the curtain on what debt elimination really takes. Spoiler …
In the maze of debt relief options, one wrong turn could cost you nearly half a million dollars in lost retirement savings. Many consumers trust nonprofit credit counseling agencies to help them navigate their debt, but the reality is far more expensive than advertised. Before committing to a Debt Management Plan (DMP) or filing for …
Debt plays a crucial role in determining your credit score, influencing various aspects of your financial life. How Debt Affects Your Credit Score is a crucial topic that many overlook, yet it can significantly impact your financial future. This guide provides a thorough look at how debt impacts credit scores, covering both direct financial effects …
Imagine this: You’re sipping coffee when your phone rings. Unknown number. You ignore it. Five seconds later, it rings again. Same number. You sigh, answer, and suddenly… it’s a debt collector demanding payment NOW or else. Your heart pounds. Do you:A) Hang up and pretend you never got the call?B) Try to negotiate, hoping they’ll …
Debt settlement is not a monolithic debt relief solution. I like to say debt settlement is like an onion. It has layers. There are several forms of tackling your debt using settlement. All are distinctly different, and understanding the differences is important to make the best choices for you and your situation. For example, you …
Question: Dear Steve, Based on your knowledge and experience in debt settlement, what are the top 5 companies you’d recommend? I continue to get offers from companies. They tell me my current one isn’t good. They are a 3rd party and say you should be with a law firm, etc. Tracey Answer: Dear Tracey, First, …
Question: Dear Steve, I purchased a beautiful home two years ago, in June of 2020. The real estate market just recently boomed, and I discovered I could sell my house and make nearly $100,000 to get myself out of debt. However, I do not wish to sell the beautiful home that I purchased. I would …
My No B.S. Guide to What Works and What’s a Scam Debt settlement is like buying a used car from a guy in a dark alley—you might get a great deal, or you might get completely screwed. It’s been around forever, as old as borrowing itself, but these days, it’s been turned into a gold …
Question: Dear Steve, I’m trying to decide if I should use a debt settlement company for a consolidation loan. If you have an excellent payment history and now you’re deciding to settle those debts, would it be better to consolidate them and pay them off in full or get a settlement company to settle them? …