U.S. credit card debt hit a record $930 billion, with younger Americans having the highest delinquency rate. Editor-in-Chief at Investopedia, Caleb Silver, explains why credit debt is at an all-time high and breaks down tips on how to pay off your debt.

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#CreditCards #PersonalFinance #Debt

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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StepChange Debt Charity explains how debt advice can help you deal with debt and money worries. Free advice charities can help you work out a budget and look at ways to reduce your spending and increase your income. You will also be recommended a range of suitable debt solutions, and find out how they work.

Find out more about getting debt advice: https://www.stepchange.org/debt-advice

If you’re struggling with your finances don’t wait to ask for help. Use our free online debt advice tool today and take the first step towards changing your situation. http://www.stepchange.org/start

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Our website: https://www.stepchange.org
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We provide the UK’s most comprehensive debt advice service. Since 1993, we’ve helped 7.5 million people with debt problems take back control of their money and their lives.

Hi Guys,

In this video I discuss what debt consolidation is. Debt consolidation is getting one loan and paying all the other loans using that one loan.

When consolidating debt, your qualifying accounts are reduced into one single monthly payment at a fixed interest rate, freeing up cash. A Consolidation Loan is designed to simplify your finances, so instead of having several lending and credit accounts to manage, you’ll have just one

The advantages are:
1. A single service fee and credit protection plan.
2. The Personal Protection Plan will settle your outstanding loan balance in the event of your death, permanent disability or certain dread diseases.
3. A single fixed monthly payment.
4. Lower monthly payments on your qualifying credit; consolidating debt frees up cash.
5. A fixed loan term that avoids the cycle of revolving credit. 
6. Your monthly repayment of the qualifying credit will be lower than what you’re currently paying. 
7. Consolidating your debts will give you only one loan to pay off and one interest charge instead of many

Things to consider:
1. Your consolidation loan might have a longer repayment period than your other personal loans. This could translate into paying more interest when loan terms are extended.
2. Consolidating smaller accounts, such as store accounts, might take longer to pay off.
3. With more money on hand, it is tempting to spend on more credit. Remember, it is about getting rid of debt and not making more debt. Spending more could get you back to square one.
4. When consolidating debt, it is smart to do some careful calculations. It is not about the duration and amount your monthly payment is alone, but also about all the costs involved when you take credit.
5. It is a good idea to get an online quotation before you decide to take out a single loan to settle your debts. You can then ensure the consolidation is going to benefit you and will be affordable enough to pay off.

Remember to do you own research and make an informed decision.

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Watch this video to learn more about what to expect during the Farm Business Debt Mediation process.

The Annual Debt Review Awards 2023

The Debt Review Awards 2023 was live streamed on Friday 20th October 2023

Industry Pre Show
11:50am: 10 min Countdown
12 Noon: Welcome
2:15pm: short break (and sponsor info)

Debt Review Awards Show
2:25pm: 5 Min countdown
2:30pm Welcome & Speeches
3:25pm Peer Review Awards
4:10 End of stream

Visit www.debtreviewawards.co.za for more information.
#debtreviewawards2023 (for social media posts)

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Have you been sued for debt? Join our free webinar to learn about bankruptcy as an option, as well as various ways you can fight back in court, win your case, and resolve your debt once and for all.

At this week’s webinar, Karra L. Kingston Esq (also known as The Debt Lawyer) will join our Q&A session. Karra is an experienced bankruptcy lawyer based out of New York and New Jersey. Her firm has represented consumer clients’ against debt collectors for more than 25 years.

Come ask your questions and find out how to resolve your debt.