We are all experiencing some sort of financial turmoil due to Covid19 and our interview with Suria certainly showcased that there are companies out there that are able to advise and assist you with all of your enquiries.

Debt Review is a process where the consumer approaches a Debt Counsellor, who in turn negotiates with your creditor providers with the aim of reducing instalments and interest rates. The end result is to assist the consumer to reduce their over-indebtedness. It offers protection against legal action from Credit Providers allowing you to pay a reasonable instalment.

For more information, visit http://www.consolidateddebt.co.za

Joining ABN’s Hannah Viviers in studio to discuss creating a better class of consumer is Magauta Mphahlele, CEO of the National Debt Mediation Association.

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Ray Dalio, the founder of a successful hedge fund, has popularized the long term debt cycle which says that there we see short term debt cycles laid on top of a long term debt cycle which crashes every 50-100 years.
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Recommended:
Why Financial Education Is More Important Now Than Ever: https://www.youtube.com/watch?v=0cScikkNXqQ&list=PLKsS_EjCEmdp1Ou6YeukY1refAQY251ef

The Economy Is Due For A Debt Crash – Long Term Debt Cycle & Credit Crisis
0:50 – Every 8 to 10 years we see an economic crash from the short term debt cycle and every 50 to 100 years we see a long term debt cycle crash
2:25 – The short term debt cycle lays on top of the long term debt cycle that most people don’t even know about
3:30 – How does credit work to create value out of thin air
4:17 – The more money you spend the more money someone else makes
5:52 – When people make more money they are more credit worthy which expands the economy
7:35 – What happens if the economy slows down and people spend less money
9:15 – What happens when you hit a peak on the long term debt cycle and the central bank can’t stimulate the economy
10:55 – What happens during a long term debt cycle crash and credit disappears during the deleveraging phase
11:50 – What happens when the economy enters a deleveraging phase in the economy
13:45 – When does the Fed start printing more money to fight deflation
14:45 – How to balance the printing of money with loss of credit

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We are a financial news & education company. The Minority Mindset has nothing to do with the way you look. It’s the mindset of thinking differently than the majority of people. #MIH #GetMoneySmart

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This Video: https://youtu.be/QPfgaMc5lQQ
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Video host: Jaspreet Singh

DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated – but there’s no additional cost to you.

DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

A Debt Management Plan may be the right option for people who are really struggling to satisfy their debts. For confidential advice from an NFCC trained, certified counselor, call 1-800-388-2227 or visit www.DebtAdvice.org.

A brief explanation on Debt Review and how we can help you FIX your debt status.

Do you wanna know the difference between debt settlement and debt consolidation?

Let’s start with debt settlement.

Debt settlement is a program where you can settle your debts for less than what you owe.

How the process works is you enroll into a debt settlement program, they use their top negotiators to negotiate down your debts on your behalf so that way you can pay less.

Every debt settlement company is a little bit different, so make sure that you talk with your debt expert.

Do some comparisons to make sure it’s the right program for you.

Debt settlement could be very beneficial to people who are financial hardship due to a job loss, an unexpected medical bill, or maybe they just can’t afford to pay what they owe anymore.

In a debt settlement program, your credit may be impacted negatively.

However, under the FCRA, the Fair Credit Reporting Act, that your creditors have to report your accounts accurately, and that means every settlement we help you obtain will help your credit score go up.

Now, let’s go over debt consolidation.

Debt consolidation is when you take your old existing debt amounts that have high-interest payments and then you transfer the balances onto a bigger balance of a credit card or a loan with a lower interest rate to lower your monthly payments.

This is great if you wanna pay off your debts over a certain amount of time and you’re able to do so.

The dangers is a lotta people just raise their standard of living artificially through debt because now they have their old credit cards and loans that have zero balances and then they start using those as well, and then they end up with two payments and they’re in a worse situation than they were before.

If you would like more information on debt settlement or debt relief, visit us on our website at Alleviatefinancial.com.

Schedule your free debt analysis with an Alleviate Financial Solutions debt expert here -https://alleviatefinancial.com/get-st…

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#alleviatefinancialsolutions #debtrelief #debtsettlement

Updated video:

DISCLAIMER:
I am NOT a financial expert, accountant, or anything of the sort. I am in no way qualified or certified to give financial advice. However, I am here to share my love of planning and also share what my family is doing to get out of debt and be better with money. If you are looking for financial advice, I would recommend seeking advice from an expert.

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I’m Over $1,000,000 in Debt! (What Should I Do?)
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Welcome to The Dave Ramsey Show like you’ve never seen it before. On this channel, you will find all of the greatest highlights from The Dave Ramsey Show! The show also live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from our Ramsey Personalities —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

The National Debt Mediation Association has warned over-indebted consumers who are under administration to be aware of unscrupulous administrators, who abuse the process by taking advantage of the lack of knowledge of consumers. Magauta Mphahlele from National Debt Mediation Association is in studio to give more information.