Debt Counselling is a formal legal process that provides for a consumer to be declared over indebted and for the Debt Counsellor to negotiate a restructured payment plan and obtain a court order confirming the new repayment plan.

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A home equity loan is also known as a second mortgage.
interest rate. What this means is you’re using your house as collateral for your loan. It can be very risky – here are the things you should know.

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Mike Pence, former vice president of the United States, joins ‘Squawk Box’ to discuss Pence’s thoughts on the debt ceiling debate, how Pence considers entitlements and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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Meet Cori Naron. She’s a Licensed Debt Counsellor with the David Sklar & Associates team. If you’re looking for help on your journey to being debt free, give us a call today. (416) 498-9200

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Some 70 countries are in or at risk of debt distress – a record number that has the World Bank sounding the alarm. Debt defaults by these emerging and developing countries could lead the world into a global financial crisis perhaps even on par with the Great Depression of 1929. The pattern is clear from three previous debt waves: the Latin American debt crisis of the 1980s, Asian financial crisis of the 1990s, and the global financial crisis triggered by the 2007 US subprime crisis.

00:00 Intro & three previous debt waves
01:16 The fourth debt wave
02:07 Countries in debt: Sri Lanka, Pakistan, Egypt, Lebanon, Laos
03:40 Impact on education, healthcare
04:21 How did the debt crisis start?
05:19 China’s Belt & Road Initiative
06:12 Climate change and debt
07:20 On the brink of economic meltdown?

WATCH THE FULL EPISODES of Debt Bomb:
What Pakistan’s Debt Dilemma Reveals About Looming Global Default Crisis https://www.youtube.com/watch?v=9AJa013VufE
Sri Lanka’s Debt Crisis: Who Is Really To Blame?
https://www.youtube.com/watch?v=_i9E49k2pUQ

ALSO WATCH:
China’s Belt And Road: A Debt Trap For Sri Lanka? | CNA Correspondent
https://youtu.be/Kx9rChH-MmA
Another Sri Lanka In The Making? Pakistan On Brink Of Economic Ruin | Insight
https://youtu.be/TiAyaPsuy3Y

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For more info on debt review visit http://nationaldebtadvisors.co.za/debt-review/

The question we are asked most often here at National Debt Advisors is simply: how does debt review or debt counselling work? So, it would seem that a lot of South Africans are still unsure about what exactly this legal process involves.

Have a look at this short, entertaining video clip to get a step-by-step breakdown of what debt review is and how it works.