Is there such thing as good debt? And how could something good cause so many issues? On top of this is there anyway that we could just run an economy without debt and would we be better off for doing so. Well it turns out we probably can, and in fact there are many economies around the world today that are developing rapidly while going without this system that we just assume is a given.

If we can critically explore these questions it will offer insight into how our modern financial system works, and why it means that despite our best efforts we are almost destined to go into a recession once every 10 years or so.

#debtcrisis #recession #economy

Patreon – https://www.patreon.com/EconomicsExplained

Discord – https://discord.gg/7kM7Tw9

Enquiries – loungejita@gmail.com

Money printer meme video – https://youtu.be/O1hCLBTD5RM

second channel for Q&A Streams – https://www.youtube.com/channel/UCOTgNyfQG4vVP5sCXrJaS4g?view_as=subscriber

References –

Harris, M. and Raviv, A., 1990. Capital structure and the informational role of debt. The Journal of Finance

Chava, S. and Roberts, M.R., 2008. How does financing impact investment? The role of debt covenants. The journal of finance

Holmstrom, B., 2015. Understanding the role of debt in the financial system.

Frost, C.A. and Bernard, V.L., 1989. The role of debt covenants in assessing the economic consequences of limiting capitalization of exploration costs. Accounting Review

Ariff, M., 1988. lsIamic banking. Asian?Pacific Economic Literature

Articles –

https://www.theguardian.com/business/2019/jan/05/global-economic-crash-2020-understand-why

https://www.washingtonpost.com/

https://www.theguardian.com/business/2019/dec/29/its-more-than-a-decade-since-the-financial-crisis-wheres-the-recovery

Graham’s Video – https://www.youtube.com/watch?v=Uw3EhsmLe08&t=1385s

In June I had over $11,500 in credit card debt. I was inspired by Aja Dang to become completely DEBT FREE. Since June I have paid over $3,000 off of my credit card debt but I still owe about $10,500 as of August 6th. I am using Dave Ramsey’s BABY STEP method from the Total Money Makeover in order to pay off all my credit card debt. Dave Ramsey suggests to use the snowball method to pay down your debts, therefore, that is the strategy I am using to tackle my debt. Feel free to follow me along my debt free journey! Anyone else currently trying to achieve financial freedom? I know I am.

SUBSCRIBE FOR MORE VIDEOS LIKE THIS ?https://bit.ly/2Q2jepn

CHECK OUT AJA DANG: https://bit.ly/2XVGxoW

TIMESTAMPS:
(coming soon)

SOURCES USED:
Dave Ramsey Snowball Method – https://bit.ly/34393J0
Dave Ramsey Baby Steps – https://bit.ly/3fUmuO3

STAY CONNECTED WITH ME:
? INSTAGRAM: iamvblanco
? TWITTER: https://twitter.com/iamvblanco
? SNAPCHAT: iamvblanco
?JOIN MY EMAIL LIST: https://goo.gl/Km3K3r
? MY WEBSITE: https://www.blahnkoh.com/
? IF YOU ARE A BUSINESS & WOULD LIKE TO COLLABORATE FEEL FREE TO REACH OUT: vblanco@blahnkoh.com
———————————————————————-
My Etsy Shop: https://goo.gl/KexNem
———————————————————————-
Shop My Poshmark Closet: https://goo.gl/V92Fbf
———————————————————————-
Shop My Mercari Closet: https://www.mercari.com/u/161308285/
———————————————————————-
My Camera Equipment & things I LOVE – https://goo.gl/GhgWh1

? DISCOUNTS & REFERRAL CODES*:
? EBATES Get $10 off to shop online – https://goo.gl/ZTDwvk
? UBER $20 FREE RIDE – 6vn5m
? Get $5 ON POSHMARK – UQXXB
? GET UP TO $30 FOR MERCARI : https://merc.li/N6f27Sb
? LYFT $20 FREE RIDE – VANESSA074799
? $40 TRAVEL CREDIT on Airbnb – https://goo.gl/Vuj4At
? $40 OFF YOUR FIRST HELLO FRESH ORDER – https://goo.gl/xEyuio

Peace & Love Friends

FTC DISCLAIMER: This video is not sponsored. Some of the links are affiliate links and I receive a small percentage as a commission if you order anything through those links. You will not be charged extra, it just helps support the channel. If you decide to use the link or code thank you for supporting the channel it is greatly appreciated.
#DebtFreeJourney #DaveRamsey #CreditCards

In this video Revolved Realty Managing Partner covers the differences between Credit Repair and Debt Consolidation, and how each can affect your ability to get a home mortgage…. ? ??
? Your credit score — or FICO — is how banks, mortgage companies, and other lenders judge your credit worthiness.
? The higher your FICO score, the easier it is to get credit and the better terms you command. The lower your score… well… you know…
? If your credit score is low there are things you can do to improve it. It may take some time, but the best time to start is today. ??

This video is sponsored by The Mortgage Firm and Jacob Title.

This video brought to you by REVOLVED REALTY GROUP OF NORTH ALABAMA

Serving Huntsville, Madison, Decatur, and Athens Alabama.

WEBSITE: https://revolved.com

FACEBOOK:https://www.facebook.com/Realestatevolved/

EMAIL: tim@revolved.com

PHONE: 256-808-8070

Save Thousands In Listing Fees with Revolved Realty Group’s Flat Fee Real Estate Listing Program serving Athens, Madison, Huntsville, and all of North Alabama. Revolved Realty Group’s Flat Fee Real Estate Listing Service Will Save You Thousands of Dollars in Fees When You List With Us. Serving Athens, Madison, Huntsville, and all of North Alabama.

http://defensebaseactlaw.com/successful-mediation/ (Maitland, Florida) (Cocoa Beach, Florida) Garfinkel Schwartz is a Defense Base Act Law and Longshore Act Law firm that helps injured and sick civilian contractors and longshoremen to regain denied medical care and benefits.

Defense Base Act law and Longshore Act law is federal law. Garfinkel Schwartz tries and handles cases around the U.S. for clients around the world. There are no boundaries. If you need help and want to talk, we’ll find a way. Whether you mail a letter, send an e-mail or do a FaceTime, Skype, Video Conference, Whats App or Facebook chat or Google Hangout…we’ll find a way to communicate with you.

It’s not easy to fight your employer or your insurer on your own. The insurance companies have the best attorneys available so you should lawyer up. Talk with a couple attorneys to find someone you trust and who agrees to fight for your case.

Insurers can cancel benefits or medical care without warning. It’s your right to choose your attorney, your doctors and the DBA Act or Longshore Act covers it if you have a case. Do you have a case? If you’re hurt and sick, can’t heal and recover you have to find out because the rights are clear under the DBA.

Get help from an experienced Defense Base Act Law and Longshore Act Law lawyer. Interview lawyers until you’re confident and comfortable with your representation. Your case may continue, your care may continue for a long time.

It doesn’t matter where you live because Garfinkel Schwartz will travel to you. Brian flies to any state or country you live in.

Questions? Call attorney Brian Wiklendt 24 hours a day 1-800-393-2999. You may get a return call after hours, weekends…as soon as Brian is able or 30-year paralegal Doreen Cabral may call.

Give return calls a brief amount of time as travel, meetings, court dates happen all the time. But as soon as there’s a break, Doreen or Brian ALWAYS call back. That’s a Garfinkel Schwartz law firm promise.

We will get back to you as soon as we can. Garfinkel Schwartz is committed to helping one family, one person at a time. We’re based in (Maitland, Florida) and (Cocoa Beach, Florida) but work with clients everywhere because Longshore and DBA is federal law.

If you’ve tried debt consolidation loans, pay day loans and don’t know where else to turn, call us, MNP, Licensed Insolvency Trustees and accredited Insolvency Counsellors.

MNP has been helping individuals find permanent debt solutions for over 40 years. Call MNP at 310-3328 for a free, confidential consultation. Or visit us online at https://mnpdebt.ca/en

Does it sound CRAZY that if you tap to clear the ENERGETIC’S of Debt and that will have a REAL impact on your actual debt?

Well this happens in 2 ways! So listen to what is energetically “held” in your debt and then Tap with me to Shift right now!

here is what people find…first, yes, cool weird things happen where unexpected things happen to reduce our debt FASTER!

Secondly after this big shift, people’s actions around their debt CHANGE in a huge way creating a massive impact…it is truly miraculous what can happen after clearing the old, negative energy! Your power to create what you want focuses and amplifies!

Ask for assistance from one of Your Debt Friends debt counsellors

Debt Options Calculator: https://tryascend.com/qualify/calculator/quick/ytcreditcounsel
Schedule free chat with me (Ben): https://calendly.com/ben-tejes-ascend/free-chat

Credit counseling has its pros and cons, but there’s one thing that many people may not know about a debt management plan. At Ascend, we are dedicated to making debt freedom cheaper, easier, and faster.

Here’s what we will cover in this Credit Counseling video:

Chapters:
0:00 Intro
1:10 One Essential Thing to Understand Before Signing Up
2:25 How Credit Counseling ACTUALLY Works
3:40 3 Questions to Ask Credit Counseling Company
4:30 Should You Sign Up for Credit Counseling?
4:50 Conclusion

#debt budgeting #personalfinance #tryascend

Music: bensound.com
License code: YS3Q1DPIPFDPEKC2

Debt counseling and debt review is expected to offer people who are over-indebted a way to negotiate a more affordable repayment plan with their creditors. The process of debt counseling is provided for in the National Credit Act (NCA), , and applies to credit agreements entered into before and after that date.
If you are struggling to pay your debts, facing legal action or you are about to have your vehicle and/or property repossessed, you can approach a Help with debt, debt counselor and ask him or her to review your situation.
Alternatively, a credit provider, such as your bank or a retailer, may refer you to a Help with debt, debt counselor if you fail to meet your repayment obligations.
There are no restrictions on who can use Debt counseling and debt review trough Help with debt, – anyone from any income group and who owes any amount of debt can apply for debt counseling. Through Help with debt
Help with debt, Debt counselors are entitled to charge you an upfront fee of R50 plus VAT for an application to have your debt reviewed. A Retainer of R300 will be kept as early cancellation fee. This R300 will be deducted off the Rehabilitation fee payable
Most also charge you substantially more for an initial review of your debts, and Help with debt may offer to review your debts on an ongoing basis, for which they will also charge a fee. But as yet there are no set amounts that Help with debt, debt counselors may or may not charge for initial and ongoing reviews.
The National Credit Regulator (NCR) plans to help lower-income earners by paying their Help with debt, debt counselors’ fees.
Before determining whether or not to accept your application to review your debt, a Help with debt, debt counselor must consider your debts and financial obligations to determine whether you are over-indebted. The NCA describes over-indebtedness as a situation in which you are or will be unable to meet all your debt obligations timorously.
A Help with debt, debt counselor will investigate your existing income and your income-earning prospects, and all your current financial obligations.
Once a Help with debt, debt counselor has accepted your application, he or she will inform all your creditors and every registered credit bureau that you have applied for debt counseling. You will not be able to access any further credit until your debts have been repaid. You will even have to cut up your credit and store cards.
The Help with debt, debt counselor will then consider your debts and financial obligations to determine what you can afford to repay each month, and will enter into negotiations with your creditors to restructure your debt.
If your creditors agree to the repayment proposal put forward by the Help with debt, debt counselor, the counselor will apply to the National Consumer Tribunal for a consent order for the repayment plan.
If your all creditors do not agree to the plan, the Help with debt, debt counselor will take the plan to a magistrate’s court, and the court will have to decide what is a fair repayment plan. In this case you could face further charges for the cost of hiring lawyers to represent your case in court.
Reckless lending
If a Help with debt, debt counselor suspects that you were given credit recklessly because you could not afford it, he or she can ask a court to decide if this was indeed the case and if so to suspend the agreement or set it aside.
Once your repayment plan is agreed, you will make payments to a distribution agency registered with the NCR and it will distribute what you pay to your creditors. The agency will be paid by way of a fee from the creditors.

https://tinyurl.com/repairmycreditcard

Learn how to get out of paying credit card debt and avoid credit card lawsuit or summons with a properly written letters to debt collectors and collection attorneys.
WARNING – This content is not intended as a substitute for legal advice. If you need an attorney in your local area contact a licensed attorney in your state.
Are you worried about your credit card debt?
Are you fearful of debt collectors and collection attorneys?
Today I want to convince you of one thing . . . and that is . . .You do not have to pay your credit card debt if you cannot afford to pay it.
You do not have to sacrifice monthly essentials food clothing rent or mortgage healthcare utilities or education for credit card debt you cannot afford to pay. I want to introduce you to the only easily-affordable credit card debt relief program that shows you how to legally avoid paying the credit card debt you cannot afford to pay without filing for bankruptcy.

The key is how you interact with debt collectors and collection attorneys. I want to share with you what pitfalls to avoid with these people. I am going to tell how you can actually enjoy the process of getting out of debt once you know what you are doing with these liars. I am also going to give you some tips you can take away and use immediately.
I learned first hand I did not have to pay credit card debt I could not afford to pay. Instead of experiencing that stomach-churning feeling when a debt collector calls you’ll be asking “Is that the best you can do?” when a debt collector threatens you over the telephone.
Unaffordable credit card debt is a very serious problem. Bankruptcy or a credit card debt court judgement could ruin any of us. We don’t want to see our assets sold to pay an unsecured credit card debt. Nor do we want to be forced into a payment plan for five years. All these possibilities create feelings of fear hopelessness uncertainty and loss of independence.Those feelings in turn make it more difficult for us to help ourselves out of this difficult situation.
Debt collectors and collection attorneys make threats and tell lies to get our money. They are villains.But they are easy to defeat if you know how. There are other less obvious but nevertheless real villains. They are the opportunists selling debt relief scams trying to take our money before they get us any debt relief. They all want a thousand dollars or more for their bankruptcy debt settlement debt consolidation debt management or debt negotiation so-called solutions.Our credit gets ruined and our bank accounts get depleted without any real debt relief. Worst of all they cause us to believe we are not capable of helping ourselves out of this predicament.Only they have the knowledge and expertise it takes to deal with creditors and debt collectors in these “difficult circumstances.” They confuse us with their greedy opportunistic non-solutions to credit card debt relief.
As I have been telling you the best way to get rid of debt collectors and collection attorneys is to first educate ourselves about exactly why debt collectors and collection attorneys have no real power to harm us. When debt collectors see these disputes and demands they give up on US to chase other less well-informed debtors. When collection attorneys see appropriate legal disputes and demands in a letter from us the last thing they want to do is waste their time in court with us.
Remember – this is the only easily-affordable credit card debt relief program that shows you how to legally avoid paying the credit card debt you cannot afford to pay without filing for bankruptcy. Why not get started today and get this debt behind you? What do you have to lose?

http://www.creditcarddebt.consolidate.com

Learn how to get out of paying credit card debt and stop debt collectors harassing you.

best way to settle credit card debt on your own – debt consolidation,best way to settle credit card debt yourself,how to settle debt with credit card companies yourself,how to settle a credit card debt by yourself,ways to settle credit card debt yourself,how to settle your credit card debt yourself,how to settle with a debt collector,how to settle credit card debt yourself,how to get a debt consolidation loan,How to get a debt consolidation loan,how to win credit card lawsuit,how to start paying off debt,how to pay off your debt,how to settle with debt collectors,how to negotiate a debt settlement,dave ramsey how to settle debt,get the best settlement

Kindly leave your comments, like the video and share with whom you think might need this and SUBSCRIBE