--- title: "16 Customer Quotes By Jean Chatzky" description: "16 Customer quotes by Jean Chatzky. Plus more from Jean Chatzky and more Customer sayings from other authors." image: "https://sms4smile.com/quotes/i/e0e/jean-chatzky-15313_attorney_if-you-re-filing-bankruptcy-you-will-lik_3047853.png" --- > [If you're filing bankruptcy, you will likely want to hire an attorney. But for debt settlement, a company is sufficient, or as…](https://sms4smile.com/quotes/jean-chatzky/if-you-re-filing-bankruptcy-you-will-likely-want-to-hire-an-attorney/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/e0e/jean-chatzky-15313_attorney_if-you-re-filing-bankruptcy-you-will-lik_3047853.png) > [After explaining why you're in trouble, ask the creditor if the company would be willing to accept a smaller amount. Start negotiations…](https://sms4smile.com/quotes/jean-chatzky/after-explaining-why-you-re-in-trouble-ask-the-creditor-if-the/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/9ba/jean-chatzky-15313_accepting_after-explaining-why-you-re-in-trouble-a_1543281.jpg) > [If you are able to settle, you'll be getting off rather easy. Debt settlement companies can sometimes get you off the hook…](https://sms4smile.com/quotes/jean-chatzky/if-you-are-able-to-settle-you-ll-be-getting-off-rather-easy-debt/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/b6b/jean-chatzky-15313_able_if-you-are-able-to-settle-you-ll-be-gett_2077884.png) > [If you are, consolidating at a lower interest rate can help you pay off your debt faster. But if there's even a…](https://sms4smile.com/quotes/jean-chatzky/if-you-are-consolidating-at-a-lower-interest-rate-can-help-you-pay/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/687/jean-chatzky-15313_chance_if-you-are-consolidating-at-a-lower-inte_1420170.png) > [Don't let the fact that you're spending time getting organized result in late fees on your credit card bills.](https://sms4smile.com/quotes/jean-chatzky/don-t-let-the-fact-that-you-re-spending-time-getting-organized-result/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/3f7/jean-chatzky-15313_bills_don-t-let-the-fact-that-you-re-spending_2262829.png) > [In about one-third of credit card consolidations, within a short period of time, the cards come back out of the wallet, and…](https://sms4smile.com/quotes/jean-chatzky/in-about-one-third-of-credit-card-consolidations-within-a-short/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/4f6/jean-chatzky-15313_cards_in-about-one-third-of-credit-card-consol_1543093.jpg) > [Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances are, you're not getting…](https://sms4smile.com/quotes/jean-chatzky/turn-down-offers-for-new-cards-or-credit-line-increases-on-your/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/5c8/jean-chatzky-15313_available_turn-down-offers-for-new-cards-or-credit_1041659.png) > [When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card…](https://sms4smile.com/quotes/jean-chatzky/when-you-default-on-a-secured-debt-the-creditor-takes-the-asset-that/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/e87/jean-chatzky-15313_assets_when-you-default-on-a-secured-debt-the-c_1125193.png) > [Sometimes a creditor is willingto do this as a bargaining point - you give the creditor cash in hand, it gives you…](https://sms4smile.com/quotes/jean-chatzky/sometimes-a-creditor-is-willingto-do-this-as-a-bargaining-point-you/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/f4f/jean-chatzky-15313_agreement_sometimes-a-creditor-is-willingto-do-thi_1283001.jpg) > [You settled a debt instead of paying in full will stay on your credit report for as long as the individual accounts…](https://sms4smile.com/quotes/jean-chatzky/you-settled-a-debt-instead-of-paying-in-full-will-stay-on-your-credit/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/d95/jean-chatzky-15313_accounts_you-settled-a-debt-instead-of-paying-in_2006679.png) > [Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation…](https://sms4smile.com/quotes/jean-chatzky/once-the-settlement-is-completed-the-credit-card-company-will-report/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/94e/jean-chatzky-15313_accounts_once-the-settlement-is-completed-the-cre_1712785.jpg) > [A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity…](https://sms4smile.com/quotes/jean-chatzky/a-consolidation-makes-sense-only-if-you-can-lower-your-overall/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/5ae/jean-chatzky-15313_cards_a-consolidation-makes-sense-only-if-you_1141371.png) > [You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling…](https://sms4smile.com/quotes/jean-chatzky/you-fall-a-bit-behind-on-a-credit-card-bill-your-interest-rate-soars/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/eac/jean-chatzky-15313_bankruptcy_you-fall-a-bit-behind-on-a-credit-card-b_2620546.png) > [In most cases, if you've gotten to this point, you've already received a letter or phone message from your creditor with the…](https://sms4smile.com/quotes/jean-chatzky/in-most-cases-if-you-ve-gotten-to-this-point-you-ve-already-received/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/48c/jean-chatzky-15313_answers_in-most-cases-if-you-ve-gotten-to-this-p_2247569.png) > [The debt settlement company will direct you to stop paying your creditor and instead send the money directly to them each month.…](https://sms4smile.com/quotes/jean-chatzky/the-debt-settlement-company-will-direct-you-to-stop-paying-your/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/f1d/jean-chatzky-15313_amount_the-debt-settlement-company-will-direct_3004308.png) > [Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you…](https://sms4smile.com/quotes/jean-chatzky/debt-settlement-companies-work-as-a-middleman-between-you-and-your/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) [Image](https://sms4smile.com/quotes/i/741/jean-chatzky-15313_able_debt-settlement-companies-work-as-a-midd_1297298.png) ## Other authors on Customer - [Warren Buffett 240 quotes](https://sms4smile.com/quotes/about/customer/warren-buffett/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-benjamin-graham-17141.jpg) Benjamin Graham 141 quotes ](https://sms4smile.com/quotes/about/customer/benjamin-graham/) - [Greg Thain 138 quotes](https://sms4smile.com/quotes/about/customer/greg-thain/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b022/author-seth-klarman-84134.jpg) Seth Klarman 120 quotes ](https://sms4smile.com/quotes/about/customer/seth-klarman/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b006/author-charlie-munger-22764.jpg) Charlie Munger 119 quotes ](https://sms4smile.com/quotes/about/customer/charlie-munger/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b005/author-ben-bernanke-16920.jpg) Ben Bernanke 95 quotes ](https://sms4smile.com/quotes/about/customer/ben-bernanke/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b019/author-peter-lynch-74937.jpg) Peter Lynch 77 quotes ](https://sms4smile.com/quotes/about/customer/peter-lynch/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b017/author-michael-lewis-67263.jpg) Michael Lewis 72 quotes ](https://sms4smile.com/quotes/about/customer/michael-lewis/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-c-bogle-51066.jpg) John C. Bogle 70 quotes ](https://sms4smile.com/quotes/about/customer/john-c-bogle/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b020/author-richard-branson-78442.jpg) Richard Branson 66 quotes ](https://sms4smile.com/quotes/about/customer/richard-branson/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b020/author-robert-kiyosaki-79933.jpg) Robert Kiyosaki 62 quotes ](https://sms4smile.com/quotes/about/customer/robert-kiyosaki/) - [Sam Altman 55 quotes](https://sms4smile.com/quotes/about/customer/sam-altman/) ## More by Jean Chatzky > [It's not about having it all. It's about having what you value most.](https://sms4smile.com/quotes/jean-chatzky/it-s-not-about-having-it-all-it-s-about-having-what-you-value-most/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Get your friends involved. Let your shopping buddies know that you're on a tight budget, and they can help you out when your willpower…](https://sms4smile.com/quotes/jean-chatzky/get-your-friends-involved-let-your-shopping-buddies-know-that-you-re/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [You must be sure - and I mean absolutely positive - that you have the willpower to pay off those credit cards and not…](https://sms4smile.com/quotes/jean-chatzky/you-must-be-sure-and-i-mean-absolutely-positive-that-you-have-the/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [A little personality goes a long way.](https://sms4smile.com/quotes/jean-chatzky/a-little-personality-goes-a-long-way/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [The Bankruptcy Reform Act of 2005 made it harder for individuals to file bankruptcy, which is always the last resort. Unfortunately, simultaneously consumers racked…](https://sms4smile.com/quotes/jean-chatzky/the-bankruptcy-reform-act-of-2005-made-it-harder-for-individuals-to/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Save for your goals. Take note of what's coming your way - vacations, the holidays, what ever is going to cost you money -…](https://sms4smile.com/quotes/jean-chatzky/save-for-your-goals-take-note-of-what-s-coming-your-way-vacations-the/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances are, you're not getting many offers…](https://sms4smile.com/quotes/jean-chatzky/turn-down-offers-for-new-cards-or-credit-line-increases-on-your/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to…](https://sms4smile.com/quotes/jean-chatzky/when-you-default-on-a-secured-debt-the-creditor-takes-the-asset-that/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan…](https://sms4smile.com/quotes/jean-chatzky/a-consolidation-makes-sense-only-if-you-can-lower-your-overall/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Sometimes a creditor is willingto do this as a bargaining point - you give the creditor cash in hand, it gives you a positive…](https://sms4smile.com/quotes/jean-chatzky/sometimes-a-creditor-is-willingto-do-this-as-a-bargaining-point-you/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be…](https://sms4smile.com/quotes/jean-chatzky/debt-settlement-companies-work-as-a-middleman-between-you-and-your/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [You also need to understand that when you consolidate credit card debt into mortgage debt - like a home equity loan or a HELOC…](https://sms4smile.com/quotes/jean-chatzky/you-also-need-to-understand-that-when-you-consolidate-credit-card/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [If you'd asked me a few years ago about debt settlement companies, I probably would have told you to avoid them.](https://sms4smile.com/quotes/jean-chatzky/if-you-d-asked-me-a-few-years-ago-about-debt-settlement-companies-i/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [If you are, consolidating at a lower interest rate can help you pay off your debt faster. But if there's even a small chance…](https://sms4smile.com/quotes/jean-chatzky/if-you-are-consolidating-at-a-lower-interest-rate-can-help-you-pay/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) > [You won't be caught off guard and you won't feel guilty, because you'll be spending money that you've allocated for the occasion.](https://sms4smile.com/quotes/jean-chatzky/you-won-t-be-caught-off-guard-and-you-won-t-feel-guilty-because-you/) [Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/customer/jean-chatzky/#itemlist", "name": "16 Customer Quotes By Jean Chatzky", "numberOfItems": 16, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "If you're filing bankruptcy, you will likely want to hire an attorney. 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Start negotiations at about 30% of the total amount due, with the end goal of paying 50%.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/after-explaining-why-you-re-in-trouble-ask-the-creditor-if-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/9ba/jean-chatzky-15313_accepting_after-explaining-why-you-re-in-trouble-a_1543281.jpg", "contentUrl": "https://sms4smile.com/quotes/i/9ba/jean-chatzky-15313_accepting_after-explaining-why-you-re-in-trouble-a_1543281.jpg", "url": "https://sms4smile.com/quotes/i/9ba/jean-chatzky-15313_accepting_after-explaining-why-you-re-in-trouble-a_1543281.jpg", "width": 1080, "height": 1080, "caption": "“After explaining why you're in trouble, ask the creditor if the company would be willing to accept a smaller…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "If you are able to settle, you'll be getting off rather easy. Debt settlement companies can sometimes get you off the hook for a large percentage of your debt - in many cases, up to 50% will be written off.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/if-you-are-able-to-settle-you-ll-be-getting-off-rather-easy-debt/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b6b/jean-chatzky-15313_able_if-you-are-able-to-settle-you-ll-be-gett_2077884.png", "contentUrl": "https://sms4smile.com/quotes/i/b6b/jean-chatzky-15313_able_if-you-are-able-to-settle-you-ll-be-gett_2077884.png", "url": "https://sms4smile.com/quotes/i/b6b/jean-chatzky-15313_able_if-you-are-able-to-settle-you-ll-be-gett_2077884.png", "width": 1080, "height": 1080, "caption": "“If you are able to settle, you'll be getting off rather easy. Debt settlement companies can sometimes get…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "If you are, consolidating at a lower interest rate can help you pay off your debt faster. But if there's even a small chance that you'll spiral back into debt, it's not for you.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/if-you-are-consolidating-at-a-lower-interest-rate-can-help-you-pay/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/687/jean-chatzky-15313_chance_if-you-are-consolidating-at-a-lower-inte_1420170.png", "contentUrl": "https://sms4smile.com/quotes/i/687/jean-chatzky-15313_chance_if-you-are-consolidating-at-a-lower-inte_1420170.png", "url": "https://sms4smile.com/quotes/i/687/jean-chatzky-15313_chance_if-you-are-consolidating-at-a-lower-inte_1420170.png", "width": 1080, "height": 1080, "caption": "“If you are, consolidating at a lower interest rate can help you pay off your debt faster. 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Then you're in an even worse position, because you have the credit card debt and the consolidation loan to worry about. You're in a hole that's twice as deep - and twice as steep.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/in-about-one-third-of-credit-card-consolidations-within-a-short/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/4f6/jean-chatzky-15313_cards_in-about-one-third-of-credit-card-consol_1543093.jpg", "contentUrl": "https://sms4smile.com/quotes/i/4f6/jean-chatzky-15313_cards_in-about-one-third-of-credit-card-consol_1543093.jpg", "url": "https://sms4smile.com/quotes/i/4f6/jean-chatzky-15313_cards_in-about-one-third-of-credit-card-consol_1543093.jpg", "width": 1080, "height": 1080, "caption": "“In about one-third of credit card consolidations, within a short period of time, the cards come back out of…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances are, you're not getting many offers anyway. But if you do, remember that the less credit you have available, the less trouble you can get into.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/turn-down-offers-for-new-cards-or-credit-line-increases-on-your/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5c8/jean-chatzky-15313_available_turn-down-offers-for-new-cards-or-credit_1041659.png", "contentUrl": "https://sms4smile.com/quotes/i/5c8/jean-chatzky-15313_available_turn-down-offers-for-new-cards-or-credit_1041659.png", "url": "https://sms4smile.com/quotes/i/5c8/jean-chatzky-15313_available_turn-down-offers-for-new-cards-or-credit_1041659.png", "width": 1080, "height": 1080, "caption": "“Turn down offers for new cards or credit line increases on your current cards. Credit's tight, and chances…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/when-you-default-on-a-secured-debt-the-creditor-takes-the-asset-that/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/e87/jean-chatzky-15313_assets_when-you-default-on-a-secured-debt-the-c_1125193.png", "contentUrl": "https://sms4smile.com/quotes/i/e87/jean-chatzky-15313_assets_when-you-default-on-a-secured-debt-the-c_1125193.png", "url": "https://sms4smile.com/quotes/i/e87/jean-chatzky-15313_assets_when-you-default-on-a-secured-debt-the-c_1125193.png", "width": 1080, "height": 1080, "caption": "“When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "Sometimes a creditor is willingto do this as a bargaining point - you give the creditor cash in hand, it gives you a positive listing on your credit report - even though you haven't paid the full amount. Get this agreement in writing.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/sometimes-a-creditor-is-willingto-do-this-as-a-bargaining-point-you/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f4f/jean-chatzky-15313_agreement_sometimes-a-creditor-is-willingto-do-thi_1283001.jpg", "contentUrl": "https://sms4smile.com/quotes/i/f4f/jean-chatzky-15313_agreement_sometimes-a-creditor-is-willingto-do-thi_1283001.jpg", "url": "https://sms4smile.com/quotes/i/f4f/jean-chatzky-15313_agreement_sometimes-a-creditor-is-willingto-do-thi_1283001.jpg", "width": 1080, "height": 1080, "caption": "“Sometimes a creditor is willingto do this as a bargaining point - you give the creditor cash in hand, it…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "You settled a debt instead of paying in full will stay on your credit report for as long as the individual accounts are reported, which is typically seven years from the date that the account was settled. Unlike with bankruptcy, there isn't a separate line on your credit report dedicated to debt settlement, so each account settled will be listed as a charge-off.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/you-settled-a-debt-instead-of-paying-in-full-will-stay-on-your-credit/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/d95/jean-chatzky-15313_accounts_you-settled-a-debt-instead-of-paying-in_2006679.png", "contentUrl": "https://sms4smile.com/quotes/i/d95/jean-chatzky-15313_accounts_you-settled-a-debt-instead-of-paying-in_2006679.png", "url": "https://sms4smile.com/quotes/i/d95/jean-chatzky-15313_accounts_you-settled-a-debt-instead-of-paying-in_2006679.png", "width": 1080, "height": 1080, "caption": "“You settled a debt instead of paying in full will stay on your credit report for as long as the individual…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your credit report that that account was paid by settlement. That's going to signal to future lenders that you left the last guy hanging. That's why, as with bankruptcy, debt settlement is an extreme option, one you shouldn't take lightly. It's not just an easy, cheap way to eliminate debt.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/once-the-settlement-is-completed-the-credit-card-company-will-report/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/94e/jean-chatzky-15313_accounts_once-the-settlement-is-completed-the-cre_1712785.jpg", "contentUrl": "https://sms4smile.com/quotes/i/94e/jean-chatzky-15313_accounts_once-the-settlement-is-completed-the-cre_1712785.jpg", "url": "https://sms4smile.com/quotes/i/94e/jean-chatzky-15313_accounts_once-the-settlement-is-completed-the-cre_1712785.jpg", "width": 1080, "height": 1080, "caption": "“Once the settlement is completed, the credit card company will report it to the credit bureaus, which will…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by taking out a home equity line loan or home equity line of credit (HELOC), refinancing a mortgage, or taking out a personal loan. They then use this cheaper debt to pay off more expensive debt, most frequently credit card loans, but also auto loans, private student loans, or other debt.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/a-consolidation-makes-sense-only-if-you-can-lower-your-overall/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/5ae/jean-chatzky-15313_cards_a-consolidation-makes-sense-only-if-you_1141371.png", "contentUrl": "https://sms4smile.com/quotes/i/5ae/jean-chatzky-15313_cards_a-consolidation-makes-sense-only-if-you_1141371.png", "url": "https://sms4smile.com/quotes/i/5ae/jean-chatzky-15313_cards_a-consolidation-makes-sense-only-if-you_1141371.png", "width": 1080, "height": 1080, "caption": "“A consolidation makes sense only if you can lower your overall interest rate. Many people consolidate by…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 13, "item": { "@type": "Quotation", "text": "You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you start falling more and more behind every month. You don't see an end. But you don't want to file bankruptcy either. What you can do - and should do - is negotiate.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/you-fall-a-bit-behind-on-a-credit-card-bill-your-interest-rate-soars/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/eac/jean-chatzky-15313_bankruptcy_you-fall-a-bit-behind-on-a-credit-card-b_2620546.png", "contentUrl": "https://sms4smile.com/quotes/i/eac/jean-chatzky-15313_bankruptcy_you-fall-a-bit-behind-on-a-credit-card-b_2620546.png", "url": "https://sms4smile.com/quotes/i/eac/jean-chatzky-15313_bankruptcy_you-fall-a-bit-behind-on-a-credit-card-b_2620546.png", "width": 1080, "height": 1080, "caption": "“You fall a bit behind on a credit card bill, your interest rate soars, your minimum payment rises, and you…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 14, "item": { "@type": "Quotation", "text": "In most cases, if you've gotten to this point, you've already received a letter or phone message from your creditor with the name and extension of a representative. If you haven't, you can call the toll-free number on your bill, but keep in mind that the person who answers may not have the power to negotiate a settlement. Ask to speak to someone who is either a supervisor or in the settlement department, if the creditor has one (as many do).", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/in-most-cases-if-you-ve-gotten-to-this-point-you-ve-already-received/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/48c/jean-chatzky-15313_answers_in-most-cases-if-you-ve-gotten-to-this-p_2247569.png", "contentUrl": "https://sms4smile.com/quotes/i/48c/jean-chatzky-15313_answers_in-most-cases-if-you-ve-gotten-to-this-p_2247569.png", "url": "https://sms4smile.com/quotes/i/48c/jean-chatzky-15313_answers_in-most-cases-if-you-ve-gotten-to-this-p_2247569.png", "width": 1080, "height": 1080, "caption": "“In most cases, if you've gotten to this point, you've already received a letter or phone message from your…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 15, "item": { "@type": "Quotation", "text": "The debt settlement company will direct you to stop paying your creditor and instead send the money directly to them each month. The company's goal is to demonstrate to your creditor that you don't have the money to pay up - that's your leverage. After a few months, the company will typically go to the creditor and say, \"I'm holding X dollars on behalf of your customer. He doesn't have the money to pay you, so you should take this amount as a settlement or you'll end up with nothing.\" If the creditor wants to get paid badly enough, it will take the money.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/the-debt-settlement-company-will-direct-you-to-stop-paying-your/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/f1d/jean-chatzky-15313_amount_the-debt-settlement-company-will-direct_3004308.png", "contentUrl": "https://sms4smile.com/quotes/i/f1d/jean-chatzky-15313_amount_the-debt-settlement-company-will-direct_3004308.png", "url": "https://sms4smile.com/quotes/i/f1d/jean-chatzky-15313_amount_the-debt-settlement-company-will-direct_3004308.png", "width": 1080, "height": 1080, "caption": "“The debt settlement company will direct you to stop paying your creditor and instead send the money directly…” — Jean Chatzky", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 16, "item": { "@type": "Quotation", "text": "Debt settlement companies work as a middleman between you and your creditor. If all goes well (and that's a big if), you should be able to settle your debts for cents on the dollar. You'll also pay a fee to the debt settlement company, usually either a percentage of the total debt you have or a percentage of the total amount forgiven.", "creator": { "@type": "Person", "name": "Jean Chatzky" }, "url": "https://sms4smile.com/quotes/jean-chatzky/debt-settlement-companies-work-as-a-middleman-between-you-and-your/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/741/jean-chatzky-15313_able_debt-settlement-companies-work-as-a-midd_1297298.png", "contentUrl": "https://sms4smile.com/quotes/i/741/jean-chatzky-15313_able_debt-settlement-companies-work-as-a-midd_1297298.png", "url": "https://sms4smile.com/quotes/i/741/jean-chatzky-15313_able_debt-settlement-companies-work-as-a-midd_1297298.png", "width": 1080, "height": 1080, "caption": "“Debt settlement companies work as a middleman between you and your creditor. 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