Settling a Second Mortgage or Credit Cards

Guest: Charles Phelan

Guest: Charles Phelan

If you are upside down on your home and you have a second mortgage you may be wondering whether you can settle the second for less than you owe.

Debt settlement expert Charles Phelan joins me to explain how settling second mortgages work. You'll learn: What makes lenders willing to consider these deals; How low can you go? How it will affect your credit; and the hidden danger you need to watch out for.

In the third part of the program, Charles shares his advice for negotiating deals on credit cards. Find out the one thing you absolutely must do before you settle a debt. Episode aired live August 11, 2012.

Listen or Download Now



About My Guest


Charles J. Phelan has been helping people become debt-free without bankruptcy since 1997. A former executive in the debt settlement industry, he teaches the do-it-yourself method of debt negotiation. Audio-CD material plus expert personal coaching helps consumers achieve professional results at a fraction of the cost.

He’s one of my go-to sources for information about negotiating debt and I know you’ll find his advice valuable!

Other Podcast From This Show


ABCs of Getting Out of Debt


Click here to post comments

Return to Debt Relief Solutions Podcasts.