One of the most common ways that people consolidate debt is through a balance transfer. How does it work?

Read our full article:
https://infoforinvestors.com/credit-cards/guides-credit-cards/credit-card-debt-consolidation/

Debt. No one else sees it, but it’s always hanging around weighing you down.
Get debt off your back. The Credit Counselling Society is a non-profit service that’s helped thousands of Canadians solve their debt problems. Call them today at 1-888-527-8999. Their help is free, confidential, and it works.

ABC News’ Faith Abubey reports on individuals who have paid off mountains of debt in the midst of the pandemic.

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WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM

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Given the Coronavirus / CoVid-19 pandemic, face-to-face mediation is problematic. Here are some tips for online video conference mediating! And see this example of an online mediation: https://www.youtube.com/watch?v=3569P07ngGg&

In this video we explain what documents are required for debt review to ensure a smooth sign up process and why they are needed.

For more information visit www.nationaldebtadvisors.co.za or call us on 021 003 8733

This presentation describes mediation analysis and the connections between traditional mediation analysis and recently developed causal mediation analysis. Mediating variables have a long and important history in theoretical and applied research because they describe how and why two variables are related. One common example of applied mediation research is the study of the mediating processes that explain how a prevention/treatment program achieves its effects on an outcome variable. If the intervention’s active ingredients are identified, the intervention can be made more powerful and more efficient. Other applied mediation examples include identifying how a risk factor leads to disease and how early life experiences affect later development.

#DebtAwarenessMonth

This small claims video series was made possible thanks to a grant from the State Bar of Nevada’s Lawyer Referral and Information Service

Is Debt Review A Good Thing?
The answer is undoubtedly that debt review is a very good thing for over-indebted consumers.

This is actually a very good thing, as it prevents you from racking up more debt and helps you become debt-free.

All of your debt repayments will be consolidated into one reduced monthly repayment plan.

The great thing about debt counselling is that instead of paying numerous accounts, which you can easily lose track of, The National Debt Review Center will work out an amount that covers all of your repayments.

This includes all your legal fees and debt review costs, with lower interest rates.

You do not pay any money upfront.

In light of this, always be sure to contact The National Debt Review Center here or at info@ndrc.org.za as soon as you begin to struggle with your payments, so that all of your instalments can be reduced immediately.

Link to Article – https://ndrc.org.za/is-debt-review-a-good-thing

Debt Consolidation/2 Methods to Pay Off Debt
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Credit card debts among U.S Americans are now over $1 TRILLION!!
The average person in the U.S pays over $1000 in interest each year.

Debt consolidation is a great way to get out of debt by paying minimal to no interest on your debt.

There are two ways to consolidate your debt.

1. Fixed-rate debt consolidation loan.
(Just be becare and run your numbers if it makes sense to you. Focus on if it’ll save you money in the long run).

2. Opening up a credit card with 0% APR Balance Transfer.
(Look at a few different credit cards and compare transfer fees)

When it comes to paying off debt, there are 2 Methods to Pay Off Debt

1. Avalanche Method – This is where you start by focusing on paying the debt with the HIGHEST INTEREST first, while making the minimum payments on the rest. Once the highest interest rate debt has been paid off, you move on to the next debt payment with the highest interest rate.

2. Snowball Method – This is where you focus on paying debt with the SMALLEST AMOUNT first while making the minimum payments on the rest. Once you have paid off that debt, you use that amount you were paying for that debt, and apply it towards the next smallest debt.

Debt Consolidation Calculator:
https://bit.ly/3cVfSNI

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???Video Timestamp ???

0:00 – Debt Consolidation/2 Methods to Pay Off Debt
0:45 – Why paying off Debt is Important
2:00 – What is Debt Consolidation?
4:27 – 2 Debt Payoff Methods

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Reference

https://www.nerdwallet.com/article/finance/consolidate-debt
https://money.usnews.com/money/personal-finance/debt/articles/easy-ways-to-pay-off-debt
https://www.investopedia.com/ask/answers/111714/when-balance-transfer-good-idea-paying-debt.asp
https://www.cnbc.com/2020/01/27/how-to-pay-off-debt.html
https://www.moneycrashers.com/reasons-get-out-debt/
https://www.nerdwallet.com/article/finance/what-is-a-debt-snowball

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*Disclaimer: This is designed to provide general information AND entertainment. It is not intended to serve as professional legal, tax, or other financial advice. For individual situations, consult with a professional, attorney, CPA, and/or other advisor regarding your specific situation.

* Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favour of fair use.