Able Quote by Jean Chatzky
“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.”
About This Quote
Source Financial Advice Column (2020)
Debt settlement can reduce what you owe dramatically, sometimes by half, offering a quicker path out of debt.
In simple terms: Settling debt can cut what you owe by up to 50%.
Key Takeaway
Consider reputable settlement firms to negotiate debt reductions.
Themes
finance
debt
settlement
consumer protection
budgeting
Mood
cautious
practical
Type
advice
financial
When to use this quote
- personal budgeting
- credit repair
- loan management
- financial counseling
Key Concepts
credit counseling
legal negotiation
financial planning
Questions to Reflect On
- Is debt settlement right for your situation?
- What are the long‑term effects on credit?
A Different Perspective
Settlement may impact credit scores and future borrowing.
![“In April, 1926, France and the United States finally negotiated a war debt settlement at forty cents on the dollar. The [French] budget was at last fully balanced. Still the franc kept falling. By May, the exchange rate stood at over thirty to the dollar. With a currency in free-fall, prices now…” quote by Liaquat Ahamed](https://sms4smile.com/quotes/img-quotes/b17/liaquat-ahamed-110670_debt-settlement_in-april-1926-france-and-the-united-stat_1686051.jpg)
![“You also need to understand that when you consolidate credit card debt into mortgage debt - like a home equity loan or a HELOC [ home equity line of credit ] - you're taking an unsecured debt and turning it into a secured debt.” quote by Jean Chatzky](https://sms4smile.com/quotes/img-quotes/e84/jean-chatzky-15313_cards_you-also-need-to-understand-that-when-yo_1363945.jpg)
