Here are the true Advantages & Disadvantages of Debt Review.

For more information visit https://ndrc.org.za/what-are-the-advantages-and-disadvantages-of-debt-review/

#debt #debtfree #debtreview #debtcounseling

Welcome to Sunday International Live Service with Emmanuel Makandiwa.

NESARA / GESARA: Debt Economy | Debt Forgiveness | National Debt & Fiat Currency

One of the most frequent questions about NESARA is about Debt Forgiveness. Which ones will be paid off? Why will they be paid off? How will they be paid off? The Debt Economy can be very complicated, and the process of who gets Debt Forgiveness is not fair. Who is paying for the payoff? What about the national debt? There are also different Types of Debt: business to business, business to personal, and we will go over all those types of debt and more in this week’s video about Debt Economy, Debt Forgiveness, and we’ll even talk about Fiat Money/Fiat Currency.

Executive Order 13818

You can find the 6 part video series on NESARA and Revelations of the Red Pill and my other books on Amazon and the Dr. Scott Young bookstore.
drscottyoung.com/store

#NESARA #GESARA #DebtEconomy #DebtForgivess #NationalDebt #FiatMoney #FiatCurrency #DrScottYoung #DoctorScottYoung

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This lesson explains how to record bad debts, allowance for doubtful accounts/allowance for credit losses/allowance for bad debts, and allowance for credit losses adjustment in the income statement and balance sheet with information from the pre-adjustment trial balance and additional information given. We look at what to do with the old bad debts and allowance for bad debts and new bad debts and allowance for doubtful debts when asked to post them to the income statement and balance sheet. This is bad debts and allowance for doubtful accounts treatment in final accounts.

Direct Write-Off, Balance Sheet & Income Statement Method of Bad Debt & Allowance for Bad Debts: https://youtu.be/vMaBV3RlmOs

Check out other straight-forward examples on our channel.

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In this lesson, you will learn how to calculate and record bad debts, provision for bad debts, and how to adjust the provision for bad debts using the balance sheet and income statement methods. You will also learn how to record the allowance for bad debts in the balance sheet using the 2 methods. We also look at the direct write-off method of bad debts why we create an allowance.

Bad Debts & Allowance For Doubtful Accounts (Provision for bad debts) In Financial Statements: https://youtu.be/_cXbTUxIgWk

Check out other straight-forward examples on our channel.

Connect with us:
Email: info@counttuts.com
Our Website: https://Counttuts.com
Our Facebook Page: https://www.facebook.com/Counttuts
Support our Efforts: https://www.patreon.com/Counttuts

Robert Kiyosaki returns to follow up on our last conversation, diving into wealth creation, debt and taxes with Ken McElroy, and Tom Wheelwright

What is Debt Counselling & How it works?

Debt Counselling is a legal program ?that is aimed at assisting over-indebted South African consumers who are struggling with their debt repayments. This program is regulated by The National Credit Regulator as per The National Credit Act.

Debt Counselling or Debt Review is a legal process that is designed to help over-indebted South Africans regain control of their finances by restructuring their debt according to a legally approved plan.

Who can apply for debt counselling?

South African residents can potentially benefit from this financial lifeline thanks to a piece of legislation called the National Credit Act of 2005 (NCA for short). The NCA created the concept of ‘debt counselling or debt review’ to help people who could not find any other way of coping with substantial money problems. This is called ‘over-indebtedness’ and means a situation in which your debts have become too large – or too many – to tackle without help.

If this is you apply online for a free assessment here.

https://ndrc.org.za/apply-online/

Consumers who are struggling to meet their monthly debt obligations qualify to apply for debt counselling. These consumers should have a distributable income, which will be used to offer reduced payments to their credit providers. Consumers married in community of property must jointly apply for debt counselling.

What does debt counselling involve?

The first step is to acknowledge that you are ‘over indebted’ and that you need this assistance. You apply for the help, and if you are eligible, a debt counsellor is appointed to help you do a full debt review. Your debt counsellor will also handle all discussions with your creditors, who can no longer contact you directly.

Once a practical repayment plan for your debts has been created, your debt counsellor gets a court order to make it all official. While this is happening, you are protected from legal action by any of the organisations you owe money to (called your creditors).

This is for a period of 60 days from your application date. This is your ‘breathing space’ to find a workable resolution, but you must be prepared to follow through on any arrangements that are made.

What are the benefits of debt counselling?

Having the advice and help of a debt counsellor is an excellent way to manage the situation when you’re overburdened by debt. Remember, they also handle discussions with creditors, so they bring their professional insights into the mix.

Your debt counsellor will work with you, and your creditors, to find a way to set up a repayment system that is equitable (balanced) with a realistic amount you can afford to pay each month.

One of the advantages is that you will have enough money each month for normal living expenses such as food and rent, which can be a big relief.

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

Your assets, including your home and car, will be protected from repossession.

You will no longer get calls from your creditors demanding payment.

There is no permanent record of having undergone debt counselling.

There is only one monthly repayment to be made.

Your budget will meet your basic needs first before provision is made for debts.
You will never pay more money than you can reasonably afford.

A debt counsellor will suggest ways of cutting costs and saving money.

Gives you Peace of Mind that your debt is being paid.

Help You Live Comfortably with all living expenses covered.

Help You Reach Your Goal of settling the debt.

It helps you Change your financial spending behaviour.

You do not pay any money upfront.

What are the steps to apply for debt counselling?

Complete our Free Online Debt Assessment Form Here https://ndrc.org.za/apply-online/

It’s free of charge and only takes a few minutes.
Complete our online debt assessment and provide us with the details of your financial situation.
Submit all required documents for the initial assessment. (i.e your ID, Payslip, Bank Statements, Letter of Demands, etc).

We’ll assess and determine.

A Registered Debt Counsellor will determine whether your monthly expenses and debt exceed your monthly income.
A new monthly budget is made which covers all basic needs.

You’ll be placed under Debt Counselling or Debt Review.

You only pay a single, reduced payment, which you can afford!

The Application will be prepared for court and finalised.

How does it affect future lending?

You will not be able to take out new loans or create new debts until you have a Clearance Certificate. This shows that you have met all the conditions and obligations placed on you by the Court or Tribunal order; and that you have satisfied all the conditions outlined in the National Credit Act.

Learn more about debt counselling here
https://ndrc.org.za/what-is-debt-counselling-how-it-works/

Sophia’s channel – https://www.youtube.com/channel/UCOfg8Gr3tsQtzhrHMhlhBZQ

Good day to you, today is your day to experience the miracles of God in your financial life, your credit score, your business, debt; whatever you are believing God for, come in faith and let’s pray!

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Gary Rusyn from the Credit Counselling Society presents “Mind You Money” to Grade 7-12 students from across Saskatchewan. The event was held on November 16, 2021 as part of SaskMoney’s Financial Literacy Month events. Visit saskmoney.ca for financial literacy resources and events.

The Saskatoon Industry-Education Council (SIEC) is a bridge between Saskatchewan’s career opportunities and Saskatoon area youth. Through a partnership among business, secondary and post-secondary schools, unique hands-on career exploration events and programs are designed and delivered to students, helping them find a career that connects their passion and natural talents with current and future workforce needs.

Ty the Spirit Messenger guides you to wipe away the negative energy utilizing the Ho’oponopono prayer and to tap into the feeling of abundance for you. You will also discover your abundance factor after a trip inside the money and opportunity machine.

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