014: Consumer Debt Today with Jen Lee

Absolute Trust Talk welcomes consumer debt law expert Jen Lee into the studio to discuss essential tips, resources, and information people need to know about debt. Creator of workplace financial program Employees Are Assets? and co-author of Preventing Credit Card Fraud A Complete Guide for Everyone from Merchants to Consumers, Jen focuses her practice on helping individuals and business owners come up with practical legal and financial strategies to deal with debt and credit issues. Kirsten and Jen start their discussion by highlighting how people have more options available to them than just filing for bankruptcy. Jen also highlights common issues she comes across with debt settlement cases. Finally, Jen and Kirsten dive into the numerous myths and misconceptions that plague the consumer debt world.

Big Three from Episode #014:

  1. Know your rights
  2. Know your options
  3. Don’t be embarrassed about your situation

Time-stamped Show Notes:

2:04 – Many people don’t know that they have other options available to them? other than filing for bankruptcy.

3:30 – Jen highlights common issues she comes across with debt settlement

5:50 – Embarrassment is the biggest reason for clients not finding out all rights and options

8:45 – Jen shares the most common misconception of why people file bankruptcy

13:05 – Is it true you can’t borrow money for a long time after you’ve declared bankruptcy?

16:30 – What happens when you first meet with a client who needs help with debt?

18:30 – Doing nothing about your debt is for these types of people

22:30 – Jen shares how long the different types of bankruptcy take to navigate

Episode #014 Freebie:

Many people are embarrassed about their situations and don’t want to face their failing financial conditions. Absolute Trust Talk guest and consumer debt expert Jen Lee is a strong advocate for making sure everyone knows their rights and their options. To help spread the word, Jen is giving listeners exclusive access to not one, but TWO of her educational bankruptcy videos. Click here to learn more about Chapter 7 bankruptcy, and click here to learn more about Chapter 13 bankruptcy.

Resources/Tools/Links Mentioned In This Episode:

Jen Lee Law Youtube Education Library – https://www.youtube.com/channel/UCaqJcOuJBX1AHDZwScrb6SA/

Book: Preventing Credit Card Fraud – https://www.youtube.com/channel/UCaqJcOuJBX1AHDZwScrb6SA/

Check out this episode!