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GreenPath Real StoriesAuthor: GreenPath Financial Wellness
Journeys of Financial Wellness Language: en-us Genres: Business, Non-Profit Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Real $tories Episode 80: Debt Settlement Companies
Episode 80
Thursday, 15 October, 2026
This episode kicks off a new educational series built around a simple idea: personal finance shouldn’t feel so complicated. We’ll break down common money topics and explore ways to make managing your money feel a little more approachable. Today, we’re taking a closer look at debt settlement. For anyone struggling with credit card debt, the available options can sound confusingly similar. When money is already a source of stress, it can be difficult to tell which options may help, which carry significant risks, and which are most likely to fit your situation. To help clear up the confusion, we spoke with a GreenPath expert about how debt settlement companies work, along with their potential costs and risks. (We’d love your feedback on this new format, as your input helps us shape future episodes! Share your thoughts in our brief survey.) Key Moments 1:13 Leanne shares her experience considering a debt settlement company. Listen to her full episode here. 3:50 How does debt settlement affect your credit? 4:48 What debt settlement companies may charge 5:41 Potential tax consequences of debt settlement 6:58 Potential legal risks of working with a debt settlement company For a closer look at what to consider, read more about the risks of debt settlement.risks of debt settlement. GreenPath Financial Service Debt Management Program GreenPath is a trusted national nonprofit since 1961, learn how GreenPath’s Debt Management Program can help you pay off your debt in 3-5 years, while helping you develop sound financial literacy. Learn More Learn More
