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A one minute video through which debt (loan) consolidation, refinancing and restructuring are defined, explained and compared.
A lot of people think debt consolidation is the same thing as debt refinancing. Or that debt restructuring and debt refinancing are synonyms.
That’s definitely not the case.
Loan consolidation, refinancing and restructuring sometimes have things in common but make no mistake, we’re talking about completely different terms.
Today, I did my best to put debt consolidation, debt refinancing as well as debt restructuring under the microscope.
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Video 3 in our latest interview series – Avineet Kalsey is discussing BSCC’s core company values.
You don’t need to struggle with debt, BSCC can help reduce your debt by over 50%-90% RIGHT NOW – call us today at 1-866-790-8984 – its free!
or Visit:
Business Solutions & Credit Counselling Services
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12033 92A Avenue #205, Surrey, British Columbia V3V 4B8
Tel: 604-951-8984
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#43 – 8500 Torbram Road
Brampton, ON L6T 5C6
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Calgary, Alberta T1Y 6Z1
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10665 Jasper Ave,
Edmonton, AB, T5J 3S9
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330 St. Mary Ave,
Winnipeg, MB, R3C 3Z5
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or Nationwide call: 1-866-790-8984
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Don’t spend another year racking up unnecessary debt and dig yourself deeper into an unrecoverable situation – we can help! You can avoid going into bankruptcy – it’s a negative mark on your credit and can last for 7-10 years – where a neutral credit counseling notation is REMOVED once someone completes the program. You really can turn your financial life around quickly – just call us and receive a free evaluation of your situation with some helpful advice and absolutely no obligation to take any action if you don’t wish to.
Remember – you DO NOT (and in a lot of cases, SHOULD NOT) always have to go into bankruptcy – we can share valuable information about your options that your bank or other credit counseling companies may not be willing to share with you – because it’s not in their best interest! We work on YOUR behalf, and thus ensure that you receive the very best information for your specific situation. Contact us today at BSCC for a free
consultation about your finances – 2018 can be your year that you begin on the journey to finally becoming debt free!
For over 18+ years, the professionals at Business Solutions and Credit Counselling Services (BSCC), a registered, government-approved credit counseling firm, has assisted hundreds of thousands of consumers throughout Canada to avoid declaring bankruptcy, prepare a consumer proposal, rebuild their credit rating, and pay off their excessive charge card debt. These are clients who were once struggling to manage excessive debt and financial obligations. We work with each client individually, designing manageable, realistic programs to relieve their financial burden and stress.
For more information about using effective debt counseling nationwide wherever you live in Canada – and how to avoid bankruptcy and becoming debt free from high credit card debt or even business bankruptcies, please visit us at http://www.bscc.ca or call 1-866-790-8984 today! We have credit counseling offices in Toronto, Vancouver (Surrey), Calgary, Edmonton, and Abbotsford.
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*All opinions are my own. This is NOT a sponsored video.*
The United States is on a path to economic collapse, and everyone can see what is happening, but nobody can seem to come up with a way to stop it. According to the U.S. Treasury, the federal government is currently 22 trillion dollars in debt, and that represents the single largest debt in the history of the planet. Over the past decade, we have been adding to that debt at a rate of about 1.1 trillion dollars a year, and we will add more than a trillion dollars to that total once again this year. But when you add in our unfunded liabilities, our long-term financial outlook as a nation looks heading to a major stock market crash and economic collapse.
According to Boston University economics professor Laurence Kotlikoff, the U.S. is currently facing 200 trillion dollar in unfunded liabilities, and when you add that number to our 22 trillion dollar government debt, you get a grand total of 222 trillion dollars. Of course we are never going to pay back all of this debt. The truth is that we are just going to keep accumulating more debt until a devastating economic collapse. And even though the federal government is the biggest offender, there are also others to blame for the mess that we find ourselves in. State and local governments are more than 3 trillion dollar in debt, corporate debt has more than doubled since the last financial crisis, and U.S. consumers are more than 13 trillion dollars in debt. When you add it all together, the total amount of debt in our society is well above 300 percent of GDP, and it keeps rising with each passing year.
According to official government projections, the Social Security Administration is facing a 13 trillion dollar unfunded liability over the next 75 years, and Medicare is facing a 37 trillion dollar unfunded liability over the same time frame.
Adding those two numbers together, we get a grand total of 50 trillion dollars. While the United States’ official debt is $20 trillion, the fiscal gap is really 10 times larger — $200 trillion. That comes from adding in off-the-book liabilities, including debt that’s in the Federal Reserve’s hands, Kotlikoff said. If Kotlikoff is correct, that means that the true size of the financial obligation that we are imposing upon future generations is 222 trillion dollars, and that number just keeps rising month after month.
You can spend more money than you are bringing in for quite a while, but eventually a day of reckoning arrives with a major stock market crash and financial collapse. We have been on the biggest debt crisis in the history of the world, and it has allowed us to enjoy a standard of living that is far beyond what we actually deserve, but the price that we will pay for such utter foolishness will be extremely painful indeed.
Prepare for the economic collapse while you still can.
COURTESY:
Script written by Michael Snyder, author of the www.theeconomiccollapseblog.com
THIRD PARTY CONTENTS (IMAGE, FOOTAGE, SCRIPT,) IN THIS VIDEO USED BY LICENCE AND PERMISSION.
Music: CO.AG Music https://www.youtube.com/channel/UCcavSftXHgxLBWwLDm_bNvA
Most of artwork that are included with these videos have been created by Epic Economist and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place.
Anything that is said on the video is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.
Use the information found in these videos as a starting point for conducting your own research and conduct your own due diligence before making any significant investing decisions.
