Comments by "Rants Of A Grumpy Old Lady" (@grumpyoldlady_rants) on "This just might save your life if you're a senior burdened by debt" video.

  1. A couple of things to keep in mind for anyone who decides to go this route. You will negatively impact your credit score and companies could even shut off your credit cards - even ones that you are current on. Also, insurers, like for auto and home insurance, use your credit score as a means to jack up your premiums. I once asked my insurance agent why that was and he said that statistics show that people with poor credit tend to file more claims. At this time in life, my husband and I were really struggling and we were having to juggle our bills each month but we had never filed an insurance claim and had been with this insurer for many years. It seems really unfair to blanket judge people like this but they are allowed to do so.
    1