Hi and welcome to http://www.debterasers.co.za. Here we help South Africans who struggle with debt by putting them through a debt counselling process. This is a process where we re-arange your payment plan for you. You will pay 0% interest on your credit cards and store cards, and all your debt – including your car and house – will be put onto a longer term payment plan. If you want to start this process, all you will have to do is to complete your details in the form you’ll see on the right hand side of this page. We will then be in contact with you to help you start living a debt-free life.

We offer the following services:
Debt Counselling
Debt Review
Debt Help

Example

Clothing account – 23% owing R5000
Personal loan – 16% owing R15000
Credit card – 17% owing R10000
Overdraft – 23% owing R1000

Owe R31 000 – so you get a new loan for R31 000 and pay off the multiple loans. then you are left with one.

Average 19.5% so make sure you get a new loan of an interest rate lower than 19.5%

What is a debt consolidation loan?

Are you struggling to keep track of multiple debts and feeling overwhelmed by them? A debt consolidation loan may be the answer for you. In this video, we’ll explain a debt consolidation loan, how it works, and the pros and cons of taking out one. Don’t let your debts control you – get all the information you need to make an informed decision about a debt consolidation loan.

The trend of consumer indebtedness continues in the country with many struggling to pay back their loans. There a number of debt agencies available to assist them to get out of debts. Focus is now on how theses agencies are helping and is their formula working or are there alternative. To discuss this we are joined by Saubrey Tshabalala who penned the book How to get out of bad Debt use other people’s money and resources to get rich.

For more news, visit: http://www.sabc.co.za/news

In this video, learn how to choose your debt consolidation options, including mortgage refinance loans, debt settlement, and credit counseling. Hosted by Brad Stroh, Co-Founder and Co-CEO of Bills.com.

Debt consolidation options include refinancing your mortgage to pay off other debts, receiving credit counseling, or reaching a debt settlement with your lenders. We will review when each of these options is appropriate and how each will affect your credit rating, monthly payment, and time of enrollment in each program. He also reviews the long-term costs of each option. Before choosing one, determine whether your goals are lower payments or paying off the debt faster, and then contact a reputable provider to begin the process. Visit Bills.com for more personal financial advice and information.

Or go here to see ho we can help. https://debt.bills.com/debt/?utm_campaign=Bills+video&utm_term=ag#step1

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: https://www.youtube.com/watch?v=py0qufx9phk
? How To Make $100/Day With No Money: https://www.youtube.com/watch?v=Mdgt7yoCKeQ

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!

Let’s talk about debt consolidation loans. Specifically, is a personal loan your best option? How to save money by choosing the most affordable personal loan or credit card, how to pre qualify for these loans without even providing your social security number, how to get a loan with bad credit and some more pro-tips that will really help you tackle that debt.

Debt consolidation can be a great option if you are stuck in credit card debt with crazy high interest fees. Typically, when you consolidate your debt you should expect to save a bunch of money on interest, BUT it doesn’t necessarily guarantee a lower payment and I show an example of this in the video.

Credit cards might be a better option than personal loans when considering debt consolidation because even with bad credit because a lot of them offer the option to do balance transfers and waive the balance transfer fee and offer 0% interest for 12-18 months. For more information on balance transfers and some companies to consider, click the video below

Companies Discussed in Video:

Wells Fargo (Risk Free Calculator)
https://www.wellsfargo.com/personal-credit/rate-and-payment-calculator/#Good

Sofi
https://www.sofi.com/personal-loans/credit-card-consolidation-loans/

Avant
https://www.avant.com/

FREEZE YOUR CREDIT:
https://www.experian.com/blogs/ask-experian/credit-education/preventing-fraud/security-freeze/
https://www.transunion.com/credit-freeze
https://www.equifax.com/personal/credit-report-services/credit-freeze/

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Business e-mail: thecashcompass@gmail.com

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*Please be sure to do your own due diligence before making ANY financial decisions. On my channel I share with you my research but please verify everything for yourself! I do not give investment advice, just share my thoughts any my choices!*

*Some of the links on this page are affiliate links, meaning, I may earn a commission if you click through and make a purchase, at absolutely no cost to you. Affiliate commissions help keep my channel going so thanks for your support!*

Debt Consolidation Cash-Out Refinance Mortgage Guidelines

Home values have appreciated tremendously in the past few years.

Many homeowners have seen their homes appreciate double-digit year after year
The Federal Housing Finance Agency (FHFA) has increased conventional loan limits to $484,350 for 2019
This was the third increase in conforming loan limits in the past three years
High-Balance Conforming Loan Limits increased to $726,525 in high-conforming areas
High-balance VA Loan Limits follows high balance conforming loan limits and also increased to $726,525
HUD has increased FHA Loan Limits to $314,827 due to increased home prices

Read more https://gustancho.com/debt-consolidation-cash-out-refinance

Demo of a court-referred mediation by Charlie Irvine, Course Leader on Strathclyde’s LLM/MSc in Mediation and Conflict Resolution. The parties are played by Maggie MacRitchie and Paul Darroch. This clip demonstrates Charlie’s ‘activist’ style of mediation and the use of private sessions to assist financial negotiation.