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In this YouTube video tutorial, the speaker talks about the difference between settling an account and paying an account in full. They explain what each option means, which is better for you, and which option you should choose. The speaker, Jay, has over 15 years of experience in the debt collection industry and has owned two debt collection agencies. They encourage viewers to ask questions in the comments section and state that they will answer them. The speaker took a break to get more organized and is now back to provide helpful information about debt.