The second part of 7.30’s economy series is about debt and how Australia’s become the world record holder.

Individually most of us owe a lot of money compared to what we earn, whether it’s stacked up on our credit cards or in our mortgages or other loans.

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A Different View Of Credit Counselling:
Richard Dunwoody has 30 years experiences providing consulting services to the financial services industry through AFO Venture Group. On today’s show Richard offers his opinion on how credit counselling agencies in Canada operate and what this means to consumers.
At our firm we work a lot with local, not-for-profit credit counselling agencies that meet face-to-face with clients using a “whole person” approach. I am a supporter of these kinds of organizations because they meet with people face-to-face, help people deal with the underlying causes of their financial difficulties and teach useful money management skills like creating a budget and finding ways to save money. In fact, I’ve had two local credit counsellors on this show: Heather Cudmore from Carizon in Kitchener and Sue Davey from Brant Family Counselling.

Debt Review protects your critical assets legally with a court order.

Meet our client Mr Esterhuysen, he is Debt Free

According to a debt counselling facility’s quarterly report, more South Africans are turning to debt counsellors to help them manage their loans.

DebtBusters, one of the biggest debt counselling facilities in the country has found that in the past four years more consumers with assets such as vehicles and homes are seeking debt counselling.

Joining us now from our studio in Sea Point in Cape Town is Benay Sager, the Chief Operating Officer of DebtBusters

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Read the full Prosper Review: http://www.top10debtconsolidation.com/ProsperDebtReview

Credit Counselling of Atlantic Canada — 2007 Success Story

If you are under debt review, but still battling with your repayments then it is time to see your debt counsellor, says DCM group marketing director Anjela da Silva. Read full story: http://www.fin24.com/Debt/Multimedia/Under-debt-review-but-falling-behind-20140606

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Listen to Natalie and how she went from sleepless nights because of debt, to debt free.