Credit Counselling Society – The First Phone Call

SUBSCRIBE to Two Cents!
Some say that debt is the gateway to your goals, others say it’s a ball and chain that will drag you down… So who’s right?

Two Cents on FB:
Two Cents on Twitter: @twocentspbs
Email us:

Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.


Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Philip Olson, CFP® and Julia Lorenz-Olson
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Andrew Matthews
Images by: Shutterstock
Music by: APM

K3C Credit Counselling has tips on how to manage your finances this holiday season.

We have a cool Webinar this weekend on the 27th at 10am, email if you want to gain access. Its R100 and we will look a Debt Review, Debt Restructuring tools, Snowball Method and Cashflow index

#SouthAfrica #debtconsolidation
What to consider before you go for a debt consolidation loan.

Follow me on Instagram:
Like my page on Facebook:

If you have overwhelming debt, then you know the stress it puts on you and those around you. Speaking with a debt counselor can be like debt therapy.

You didn’t get into debt overnight, and you won’t get out of that way either. But you can trade the sleeplessness nights and anxiety over your debt for the comfort that you are getting help. But like therapy, you need to make the call.

A certified debt counselor from Clearpoint Credit Counseling Solutions can work with you to understand your debt issues, and help work out a plan to get you out of debt. To learn more about their free debt counseling services, please visit the Clearpoint Credit Counseling Solutions website:

ClearPoint is one of the largest, most-respected credit counseling agencies in the nation – a 501(c)(3) nonprofit organization whose mission is to promote consumer health through financial education.

Clearpoint Credit Counseling Solutions
8000 Franklin Farms Drive
Richmond, VA 23229
(800) 750-2227

In this video, I share with you how you can avoid debt forever and pay off debt faster using the Debt Avalanche Method!

If you liked this video, you will also enjoy:
? How To Be Rich and Successful At A Young Age:
? How To Make $100/Day With No Money:

Music Credit: Bensound – Dreams

If you have any amount of debt to pay off, you’re probably wondering what debt elimination strategy will get you back in the positive in the fastest time frame possible. In the United States, debt has been skyrocketing year after year with personal consumer debt surpassing $4 trillion dollars in 2019 which means that Americans could be doing a much better job when it comes to paying down their debts. In this video, I am going to share with you one of the quickest methods of paying down your debt: The Debt Avalanche Method. And if you’re new to the channel, hit the subscribe button below for more informative content!

You’re probably asking yourself, what is the debt avalanche method? Do I need to be able to ski? Will it be cold? The Debt avalanche is a strategy of paying off what you owe by prioritizing loans and credit card balances with the highest interest rates. You see, while it sucks to have to look at a huge debt balance every time you check your bank balance, what’s worse is paying annoying interest charges. At least when you accumulated debt by buying goods and services you get value out of those things but interest charges are zero value-added expenses. Therefore, the goal of the debt avalanche is to minimize the amount of interest you pay, allowing you to put more money towards paying off the principle which in turn will allow you to be debt-free much sooner than if you were to use other strategies like the debt snowball.

Step #1: List out all of your debts
On a piece of paper or an excel spreadsheet, list out each one of your debts from the highest interest rate to the lowest. This could include anything from money you owe your brother, to credit card debt and even your car loan just to name a few. An important point to note is that you are arranging your debts from the ones with the highest interest rate and not the highest interest charge. While a large balance with a smaller interest rate may be costing you more money every month than the one with the highest interest rate, in principle, having the loan with the highest interest rate still outstanding is still the most costly.

Step #2: Make all your minimum payments
After you’ve listed out all of your debts from the highest to lowest interest rates it’s now time to write down each of their respective minimum payments. Every month, it is critical that you make the minimum payments on each one of your debts as missing payments will not only increase your debt but will also affect your credit score. In fact, being just 30 days late on a payment can reduce your credit score by up to 100 points making getting a future mortgage or even a job that much tougher. As a best practice, set up a reminder in your phone to make each one of your payments because often times life can get busy and having a reminder means one less you have to think about.

Step #3: Pay down extra on your highest rate debt
You’ve now set up your debt listing and have made all of your minimum payments, it’s now time to really get the debt avalanche rolling. In order to do this, what you’ll want to do is put any extra disposable income you have towards your highest interest debt. And if you’re thinking to yourself, I wish I had extra disposable income then it’s time to roll up your sleeves and get to work. Most people have more free time than they think and one of the best ways to use this time to make more money. This could be in the form of taking on more shifts at work or picking up side projects. No matter what this extra work looks like, the key is to funnel all that extra income towards your highest interest debt allowing you to pay it off as fast as possible.

Step #4: Keep the avalanche rolling
At this point, you are making solid progress at paying down your debts by prioritizing them and earning extra cash to put towards them. Within no time, you’ll be able to stroke off the first debt on your list allowing you to begin to focus your attention on the second one. In order to keep the avalanche rolling, you will need to do three things: continue to make the minimum payments on each debt, earn extra income and finally add all previous debts’ minimum payments to your new monthly debt contribution. So for instance, if the debt you just paid off had a $200 minimum payment, you will add that amount to the minimum payment contribution on your next highest debt creating an avalanche effect of a much greater payment. And this larger payment, when compounded with extra income you’re earning, will make your debt load evaporate in no time!


Mediation provides parties (Plaintiff and a Defendant) with an excellent chance to settle their case. But you do not want to blow it and you want to make sure you are properly prepared to handle the case. In this “litigation warrior” video Attorney Steve provides his top tips to help you reach a settlement in your mediation case, whether a Court-ordered mediation, or whether that parties have voluntarily agreed to ADR (Alternative Dispute Resolution) and agreed on either binding or non-binding mediation.

For example, we discuss:

1. Checking your ego at the door

2. Being realistic about settlement alternatives

3. The important of mediation briefs

4. How to negotiate your case

5. What the general process of mediation is

6. How to take it slow during the joint sessions and break out sessions

These are some really important legal concepts to understand before you spend time with the mediator. This is not an exclusive list.

If you need a lawyer in California or Arizona to help you with arbitration, mediation or litigation (particularly in the area of copyright infringement, internet, or entertainment law, call us at (877) 276-5084. In many cases we are able to structure a low flat rate legal fee.
? Check out my video on WINNING SMALL CLAIMS LAWSUITS here ?…
??? Learn how to register a trademark WITHOUT A LAWYER here ???…
?? Get some tips on MEDIATION SUCCESS here ??…
?? Watch my video on ULTIMATE DEPOSITION TIPS here ??…
? Join us on Social Media ?
?? Contact us for a consultation ??

?? Or call us at ??
(877) 276-5084
(time permitting – we cannot respond to ALL calls)

?? For advertising, promotional, and endorsement opportunities, visit us at ??….
(We can help promote your law or legal related or other products)
?? More Important Info! ??

? Attorney Steve’s Setup ?

?? Merchandise ??

? Avvo Client Reviews ?…

?? Support us on Patreon ??…
? Main Office ?
San Francisco Office:…

Other Locations:
Phoenix – Camelback Office:…
Phoenix – Uptown Office:…
San Diego Office:…
Orange County Office:…
Santa Monica Office:…

Copyright Policy Institute Office:
Washington D.C.

NOTICE: This website is general legal information only and not legal advice. Please do not rely. Some information may not be accurate. We are licensed in CA and AZ. Check your local rules. Parts of our videos may constitute “fair use” under the copyright laws, if you have an issue, please call us at (877) 276-5084. We are not liable for your use or viewing of our videos. Thanks for watching!

© 2020 Attorney Steve Vondran. All rights reserved.

This week we have something very exciting for farmers!
Tim from Norris Ward Mckinnon talks about the Farm Debt Mediation Act 2019 which comes into effect on the first of July, 2020.