Original Publish Date: || Thu, 18 Jun 2015 14:03:47 GMT || There has been a growing demand for debt counselling for lower income-earning consumers. CNBC Africa is joined by Benay Segar COO of the IDM Group for more on this trend.

The best personal loan companies I found online in 2019!
LightStream Loans (My #1 Pick): http://bit.ly/lightsteam_loans
(I may be compensated by LightStream through this link.)

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If you’re looking for a personal loan online, then this video should help you out quite a bit. I had to do a lot of research for a personal loan in my own life, so I’d like to share the best personal loan companies that I found online.

When it comes to personal loans, there’s too many lenders to choose from, so I’ve narrowed them down to 4 specific personal loan options. Each of these lenders does not charge an origination fee and they’ve all got great rates and terms to choose from.

I’d consider them all low interest personal loans, because they’ve got the best rates in the industry. So if you need to pay off credit card debt, consolidate debt, or you just want to improve your home, then a personal might be for you.

I’ll be covering Marcus Loans by Goldman Sachs, LightStream Loans by SunTrust Bank (my favorite), American Express Personal Loans and TD Loans as well. All of these personal loan companies have great rates and loan options for every type of consumer. Some are great options if you need a personal loan with bad credit and others require excellent credit for the best rates. Enjoy the video and please share it!!! Thanks.

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The average millionaire reads more than 2 book per month, so I’d suggest reading more right now. Audible is a great source for reading and they’ve got every book you can think of. Here’s a link to get 2 free audiobooks from Audible.
https://amzn.to/2O9mMUI

If you’re want to invest, but you don’t want to do all the work, look into Betterment for automated, low-fee investing. They’ll help with everything and are one of the best online advisers I’d recommned.
http://bit.ly/Betterment_Investing

If you want to invest in the stock market yourself, check out M1 Finance, because you can buy partial shares (which is awesome) and trades are free to make as well.
http://bit.ly/HF_M1Finance

If you’re in need of a personal or auto loan, check out LightStream Loans. They have the best rates and don’t charge any fees or pre-payment penalties.
http://bit.ly/lightsteam_loans

And if you want to start a YouTube channel, here’s a great course called “YouTube Ranking Academy” by Sean Cannell.
http://bit.ly/YTRankingAcdmy

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I’ll give you the honest truth about a variety of financial and life improvement topics in a way that actually makes sense. I’m not a financial adviser and this is all my opinion, so take my advice for informational and entertainment purposes only. I simply want to share my financial advice with anyone who will listen.

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Total Debt Freedom’s debt relief program compared to credit counselling etc.

Millions of college students are graduating with debt and now borrowers owe a total of $1.5 trillion nationwide. Mark Strassmann reports.

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Shane shares his story with Debt Mediators and how the experience has changed his life.

As one of Australia’s longest running and most trusted providers of debt solutions, Debt Mediators have helped thousands of people, just like Shane, resolve their debt and start fresh.

In the following video Nicolette explains Debt Consolidation

Sheila talks about how getting debt counselling from Credit Counselling Services of Atlantic Canada helped her get her life back on track.

Kristen is trying to figure out how to afford both her student loan payments along with bills for her mental health. She calls Dave for advice.

Visit the Dave Ramsey store today for resources to help you take control of your money! https://goo.gl/gEv6Tj

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Welcome to The Dave Ramsey Show like you’ve never seen it before. The show 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 people like Rachel Cruze, Chris Hogan, and Christy Wright —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!

Farm Debt Mediation in NSW — A few problems
by ALEX ELLIOTT on 05/05/2012 · LEAVE A COMMENT · in MEDIATION

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