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In this video, Ben, the former CEO of a debt settlement firm, explains how debt settlement works, including the process, costs, and critical information for making informed decisions about debt relief. He acknowledges that many debt relief firms can seem questionable. Ben is co-founder of Ascend Finance, which aims to simplify complex topics like debt settlement. He introduces a customized debt Summit cost and Alternatives calculator available in the video's description to help viewers understand the costs and benefits of various options. The video will cover key points about debt settlement and guide viewers through their choices.