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In this video, Ben, a former CEO of a debt settlement company, shares tips on how to settle debt effectively. He emphasizes the importance of avoiding costly mistakes. The video covers settling debt by yourself versus hiring a professional company, structured settlements versus lump sum settlements, and important factors to consider. The goal is to provide viewers with a toolkit to successfully settle debts and become debt-free faster. Welcome to Ascend Finances YouTube channel, where complex topics are explained in simple language.