Debt Consolidation

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What’s the best way to pay off credit card debt if you’re among the millions of Americans who are buckling under the weight of mounting bills and delinquencies? FULL STORY: https://abc7chicago.com/best-way-to-pay-off-credit-card-debt-balance-transfer-cards-consolidation-relief/14326808/

???? Choose either option to transform your equity for home improvement, debt consolidation, new properties, major expenses, investments, emergencies, or education.

Want to see if you qualify? Let’s chat! ????????

FREE {{Printable}} DEBT PAYOFF CHARTS – https://www.financialcoachjess.com/moneycharts

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MORE VELOCITY BANKING VIDEOS –
? https://youtu.be/1VRpVdWAwb0?si=Xf85WvoEEafef_GG
? https://youtu.be/3sUG9x7DKBI?si=h2LS2IZaZldgiaIH

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00:00 – VB vs Snowball
00:48 – Case Study: Lydia
01:24 – Debt Snowball Numbers
02:00 – Velocity Banking Numbers
03:13 – Month Breakdown
04:19 – How to increase your credit score
05:30 – Federal Student Loan
06:24 – Check your student loan relief
06:50 – Other case study videos

Bill shock post December festive season and January you see the credit card bill ????????????.
Here’s the tip how to resolve this issue.
Debt consolidation!

• The video discusses how people tend to overspend on their credit cards during the festive season, leading to credit card bill shock.
• It highlights the convenience of tap and go payments but warns about the lack of awareness of spending.
• The video suggests two solutions: doing a credit card transfer to a no-interest account and closing the current credit card, or consolidating debt into a home loan facility to improve cash flow.
• It advises creating a separate savings account to budget for future expenses during December.
• The video emphasizes the importance of avoiding financial mess and planning ahead to prevent credit card bill shock.

0:00 Intro

0.01 We do get a little bit carried away and 
statistically speaking in December people  

00:13 tend to spend 25% more on their credit cards it’s 
because of the festive season you get carried awayit’s a little bit silly and the big one is the tap and go it gets you all the time. If you’re not used to having cash in your wallet, I think cash hurts more emotionally to hand over and you can physically see what is being left and back in my time I’m a little bit older um I used to  

0:36 find that handing over $100 bill or $50 or $20 or whatever your note currency was at the time it used to be a little bit more physical HEY I’m letting go of this money and you could see it whereas now you tap and goes it’s on your mobile phones on the credit card tap tap tap

0:52.get a little bit carried away and you forget to check and by the time you do check it’s a little bit like holy **** whatever what’s happened so if this is a situation that you’re in you can either a try to do a credit card transfer into something that is no interest for a

01:15 certain period of time clear off the credit card. Start off fresh make sure that you close down your current credit card and you’re not getting two credit cards recycling because then it it’ll you know basically will have a financial mess and it’s a little bit harder to get out of.

01:33 that one the other thing that you could do is if you’ve got a home loan facility try and debt consolidate that all into the one facility so it just improves your cash flow and then for next time around make sure that you put a little bit of savings um in a separate account so then when December does come along you’ve got a clear budget of what you’re actually wanting to spend.

01:58 It doesn’t catch you out again January 2025 with another what we call it Bill shock round two so hopefully you found that useful if you got any questions feel free to give me a call happy to have a chat Laura Moya 

02:16 Local Mortgage Broker Melbourne

Laura Moya Local Mortgage Broker based in Melbourne covers the issue head on.

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subscribe to our channel for more mortgage tips and tricks in easy to follow ways.

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When should you refinance your home.
If you have higher interest mortgage rates.
You want to consolidate your liabilities into one easy mortgage payment.
To purchase your next property using equity release from current property and buying new real estate.

Unsure how to refinance your mortgage?

Call Laura Moya #localmortgagebroker to give guidance and support through this process.

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#Debtconsolidation

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#cheapermortgagerates

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I Have A $27,000 Credit Card Debt Mess!
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Top Debt Settlement Companies: https://bit.ly/3IodySe
Debt Relief Monthly Cost and Duration Calculator: https://bit.ly/3TfWsbQ

How debt settlement companies work and whats the debt relief process? The companies charge a feed based on enrolled debt, and settle your accounts when the accounts are often behind.

Understand how debt settlement companies work and the debt settlement process including the escrow bank account, how the settlement process works, how your credit score may be affected, and how you rebuild your credit after debt settlement graduation.

If you are settling debt on your own, check out our video covering how to negotiate directly with creditors:
https://youtu.be/CT6AtJqyauc

Debt settlement credit score impact: https://www.youtube.com/watch?v=1fTau2cM91Y

Chapters:
0:00 Intro
1:13 How Debt Settlement Companies Work
4:03 Day-to-Day Life in Debt Settlement Process
9:03 Credit Score and Credit Report Impact
11:13 Graduation and Rebuilding Credit Report
11:41 Conclusion

#debt #debtrelief #debtfreejourney

Music: www.bensound.com

Cons of Debt Consolidation
Requires a good credit score to qualify for a low-interest rate loan or credit card
May extend the amount of time it takes to pay off your debt
Some fees may apply, such as balance transfer or origination fees

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