Able Quote by 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…

— Jean Chatzky

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…

— Jean Chatzky

Once the settlement is completed, the credit card company will report it to the credit bureaus, which will then make a notation on your…

— Jean Chatzky

You really don't need to hire a debt settlement company to negotiate with your creditors.

— Jean Chatzky

You settled a debt instead of paying in full will stay on your credit report for as long as the individual accounts are reported,…

— Jean Chatzky

“The quicker you settle the debt,the quicker you can move forward with your life. Actions are bigger than words and get rid of that…

— Financial Revolution

The Bankruptcy Reform Act of 2005 made it harder for individuals to file bankruptcy, which is always the last resort. Unfortunately, simultaneously consumers racked…

— Jean Chatzky

Many debt collectors offer a lump sum option so ask. And if you get it, make sure it's in writing and you keep the…

— Michelle Singletary

If you've got $25,000, $50,000, $100,000, you're better off paying off any debt you have because that's a guaranteed return.

— Mark Cuban

I often say that paying off your debt is like dieting. There are no miracle cures; it takes discipline and hard work.

— Lisa Madigan

If you'd asked me a few years ago about debt settlement companies, I probably would have told you to avoid them.

— 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…

— Jean Chatzky