13 Benefits of Debt Counselling or Debt Review.

1. All of your debt repayments will be consolidated into one reduced monthly repayment plan.

The great thing about debt counselling is that instead of paying numerous accounts, which you can easily lose track of, The National Debt Review Center will work out an amount that covers all of your repayments.
This includes all your legal fees and debt review costs, with lower interest rates.

2. Your assets, including your home and car, will be protected from repossession.

If you’re fearing that your home and car will be repossessed because you’re in too deep, you’re not alone. Debt counselling will protect your assets from being repossessed as a result of defaulting on repayments.

3. You will no longer get calls from your creditors demanding payment.
Once placed under debt review, you will no longer be at risk of getting deeper into debt.

The National Credit Regulator will flag your credit profile, barring you from taking out more credit. This flag will be removed from your credit profile once you have settled all your debt.

4. You do not pay any money upfront.

Alarm bells should go off if the Debt Counsellor makes such a request. Asking for money upfront is not part of the Debt Review process and indicates that the Debt Review company is untrustworthy.

All Debt Review fees are strictly prescribed by the Nation Credit Regulator (NCR) and are pretty much the same for all South African Debt Counsellors.

There are no up-front fees because the fee structure is created in such a way that all the fees form part of your reduced monthly repayment plan. Each client’s fee will differ because it is worked out as a percentage of the monthly debt you owe.

5. There is no permanent record of having undergone debt counselling.
6. There is only one monthly repayment to be made.
7. Your budget will meet your basic needs first before provision is made for debts.
8. You will never pay more money than you can reasonably afford.
9. A debt counsellor will suggest ways of cutting costs and saving money.
10. Gives you Peace of Mind that your debt is being paid.
11. Help You Live Comfortably with all living expenses covered.
12. Help You Reach Your Goal of settling the debt.
13. Helps you Change your financial spending behaviour.

In light of this, always be sure to contact The National Debt Review Center here or at info@ndrc.org.za as soon as you begin to struggle with your payments, so that all of your instalments can be reduced immediately.

Contact us here – https://ndrc.org.za/contact

Article – https://ndrc.org.za/what-are-the-benefits-of-debt-review

A New York Times report reveals Donald Trump paid just $750 in federal income taxes in 2016 and 2017, wrote off $70,000 for his hair during “The Apprentice” and has amassed $421 million in personal debt. #DailyShow #TrevorNoah #Trump

To honor Justice Ruth Bader Ginsburg and her legacy, please donate to the ACLU and the ACLU Women’s Rights Project: https://dailyshow.com/ACLU

Subscribe to The Daily Show:

Follow The Daily Show:
Twitter: https://twitter.com/TheDailyShow
Facebook: https://www.facebook.com/thedailyshow
Instagram: https://www.instagram.com/thedailyshow

Watch full episodes of The Daily Show for free: http://www.cc.com/shows/the-daily-show-with-trevor-noah/full-episodes

Follow Comedy Central:
Twitter: https://twitter.com/ComedyCentral
Facebook: https://www.facebook.com/ComedyCentral
Instagram: https://www.instagram.com/comedycentral

About The Daily Show:
Trevor Noah and The Daily Show correspondents tackle the biggest stories in news, politics and pop culture.

The Daily Show with Trevor Noah airs weeknights at 11/10c on Comedy Central.

In this talk Jo challenges assumptions that people with severe or profound cognitive disability are unable to lead self-determined lives. She provides guidance to signatory nations in their efforts to uphold their obligations under the United Nations Convention on the Rights of Persons with Disabilities to ensure everyone is able to lead lives of their preference, including those rarely heard. Dr Jo Watson is a Lecturer, Researcher and Speech Pathologist, specialising in Disability and Inclusion at Deakin University in Australia.

Click on CC for closed captioning.

For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.

Farm Debt Mediation in NSW — A few problems

The object of the NSW Farm Debt Mediation Act 1994 is to provide for the efficient and equitable resolution of farm debt disputes. Mediation is required before a bank or financial institution can take possession of the farm or other farm property.

Section 10 of the Act provides that once a farmer gives notification that mediation is required, the bank or financial institution cannot take any enforcement action unless a certificate is in force under section 11.

Section 11 of the Act stipulates that a certificate will be issued by the Authority (NSW Rural Assistance Authority), if the Authority is satisfied that a satisfactory mediation has taken place in respect of the farm debt involved.

Mediation is a structured process in which the mediator, who must be a neutral and independent person, assists the farmer and the bank or financial institution to reach an agreement. That agreement may mean the capitalisation of interest, the extension of repayments, additional advances or increasing an overdraft limit. It may also mean the sale of certain assets over time. There are many possible settlement outcomes available to the parties.

The High Court of Australia in its decision in Waller v Hargraves Secured Investments Limited [2012] HCA 4 has added a substantial complication to the mediation process and any possible settlement.

In August 2003, Hargraves Secured Investment Limited advanced $450,000 to Ms Waller under a loan agreement. The advance was secured by a mortgage over Ms Waller’s farm. She defaulted on the loan.

Mediation was held under the provisions of the Farm Debt Mediation Act 1994. The parties entered into terms of settlement under which there was a second loan agreement for $640,000. This enabled the first loan to be paid out, along with past and future interest.

Ms Waller defaulted on the second loan.

Hargraves Secured Investment Limited commenced action in court for possession of the farm and judgment against Ms Waller.

Ms Waller appealed to the High Court from a decision of the NSW Court Appeal. The argument which was accepted by the High Court was that the enforcement proceedings were not in relation to the farm debt the subject of the mediation. There was now a new and different debt, which was distinct from the first loan. Hargraves Secured Investment Limited had not complied with the Act because the mediation only dealt with the first loan, not the new one.

So it seems that even if a section 11 certificate has been obtained in respect of a farm mortgage, a bank or financial institution must be careful that the farm debt it relates to is the same and has not been discharged in anyway prior to enforcement action. If in doubt it seems that a new notice to the farmer may have to be given.

The High Court’s decision may discourage future lending to farmers because of the uncertainty surrounding this decision. The bank or financial institution may play it safe and only offer in mediation the option of refinancing with another institution, selling the asset or agreeing to surrender the asset to the bank or financial institution. Anything else may complicate future enforcement proceedings.

This is clearly not in the interests of the rural community and the Act needs to be amended as a matter of urgency. A full range of options should be available to comply with the spirit of the legislation.

Alex Elliott

This is PART 1 of our informative video series on things you need to know about Debt Counselling or Debt Review as a relief measure to curb the scourge of over-indebtedness. In this video we define the terms “Over-indebted” and “Reckless credit or Reckless lending”.

Remember to watch our upcoming video series on Debt Counselling/Review to stay informed on how the process works as well as some of its pros and cons. We would like to hear from you.


The covid-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking suggests perhaps not, at least for now.

Further reading:

Find The Economist’s most recent coverage of covid-19 here: https://econ.st/31E02VY

Sign up to The Economist’s daily newsletter to keep up to date with our latest covid-19 coverage: https://econ.st/3ghRh7W

Why economics sometimes changes its mind: https://econ.st/3hXRP41

Read more about the debt after covid-19: https://econ.st/2DtpX92

Why governments must beware the lure of free money: https://econ.st/2GufJXf

Read about the Fed’s biggest inflation-policy change in decades: https://econ.st/31VyJG0

Why covid-19 could eventually lead to the return of inflation: https://econ.st/354m9X4

Read about the economies that have started to bounce back: https://econ.st/2OM8fzA

Why fiscal policy must shift as economies start to recover: https://econ.st/3hnBSDB

Read our article on the resilience of banks: https://econ.st/3hjG8E2

Why investors at home and abroad are buy American government debt: https://econ.st/3hYBBaM

In this video, Florida Attorney, Sergio Cabanas discusses Mediation which is one of the most important topics pertaining to the Divorce process. He has outlined this topic in a brief 60- second overview to provide you with important information in a concise fashion.

***Please note that the information in this video is not an adequate substitute for a consultation with an attorney who is knowledgeable in this subject area and could review the specifics of your individual matter and determine how the law would apply in your particular case.***

Visit Our Website at

? SUBSCRIBE TO OUR YOUTUBE CHANNEL NOW ? https://www.youtube.com/user/CabanasLawFirm/featured

Check out our other videos –

1) Divorce-https://www.youtube.com/watch?v=Ixjc5N2WuKE&list=PLp99vogRa83i1B1ERIcpKr1gvWqt3cYNy

2) Estate planning- https://www.youtube.com/watch?v=YDeVYi_8wEo&list=PLp99vogRa83hN12e8P3g3viNajJSA4_w_

The Cabanas Law Firm focuses on divorce and separation, estate planning, probate litigation and asset protection. Our firm has a unique mix of attorneys and accountants, bringing a great deal of firepower in analyzing our clients’ legal and financial situations.

We have Florida law offices located at:

18503 Pines Boulevard, Suite 301, Pembroke Pines, FL 33029
2893 Executive Park Drive, Suite 125, Weston, FL 33331

323 Sunny Isles Boulevard, Suite 728, Sunny Isles Beach, FL 33160 (by appt.)

Sergio Cabanas, Esq. has been practicing law since graduating from Washington College of Law in Washington D.C. in 1991 and is admitted to practice in the State of Florida and the U.S. Court for the Southern District of Florida and the U.S. Bankruptcy Court since 1992.

If you are looking for a law firm that’s all about you, you’ve come to the right place! At Cabanas Law Firm, we know how important it is to find the right lawyer. You want reliable, effective, experienced legal professionals you can trust, who are committed to achieving the best possible results for you. Your decision to choose our law firm would be a great honor and responsibility we would take very seriously, every day. We have built our reputation, not on fancy marketing schemes or catchy radio jingles but rather from a long list of client referrals and faithful returning clients who seek personal legal services.

CONTACT Cabanas Law Firm in Pembroke Pines and Sunny Isles Beach, FL, if you have a legal concern and we can provide you with effective legal services to achieve the best results possible.

Service Areas:

Broward County:

Pembroke Pines • Weston • Miramar • Cooper City • Hollywood • Davie • Southwest Ranches

Miami-Dade County:

Sunny Isles Beach • Aventura • Golden Beach • North Beach • North Bay Village • Dania Beach • Hallandale Beach • Bal Harbour • Bay Harbor Islands • Indian Creek • Surfside


YouTube: https://www.youtube.com/user/CabanasLawFirm

Cabanas Law Firm’s Blog: https://www.cabanaslawfirm.com/blogs

Facebook: https://www.facebook.com/CabanasLawFirm

Twitter: https://twitter.com/CABANASLAWPA

Instagram: https://www.instagram.com/cabanaslawfirm/

LinkedIn: https://www.linkedin.com/in/sergio-cabanas-00020924

#60secondswithsergio #estateplanning #divorce

The numbers are in for the month of August.

My Etsy Shop:

My Ebay Shop:

How to meditate? Money Meditation
???If you found my content helpful, become a channel member- http://www.youtube.com/c/JayaKaramchandani?sub_confirmation=1


Twitter: https://twitter.com/JayaKaramchand
Facebook: https://www.facebook.com/jayakarramchandani/
Instagram: https://www.instagram.com/jayakarramchandani/
YouTube: http://www.youtube.com/c/JayaKaramchandani?sub_confirmation=1
Website: https://invinciblepassiontalkshow.com/Contact
Email: invinciblepassiontalkshow@gmail.com
Pinterest: https://www.pinterest.com/JayaKarramchandani/pins/
Tumblr: https://tumblr.com/blog/jayakarramchandani