[explained] Videos
National Debt Mediation Association CEO, Magauta Mphahlele, explores the debt industry
Visit us by going to https://www.debtreview-sa.co.za/
Debt Review is a process in terms of the National Credit Act for over indebted consumers. The purpose of the act is to protect the over indebted consumer against Credit providers.
The first step in the process is to get the help from a debt counsellor and we do recommend that you do work with a company that has a NCR number and thus is registered with the NCR.
Here, we follow the story of Vuyo, whose debt snowballs when an unfortunate event forces him to take out more debt than he can handle. When he realises that he is in over his head, he decides to consolidate his debt. By combining several loans into one, a debt consolidation loan reduces the number of admin fees Vuyo has to pay, and it makes it easier to pay back his debt. But this is just the first step he takes to get his debt under control. To learn how Vuyo and others like him take back control of their finances, download the FREE Moolah Master Financial Wellness Guide.
https://oldmutualfinance.everlytic.net/public/landing-pages/moolah-master-ZtlkxJ72fSxMAHtt
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.
Please like, comment and subscribe if you’ve enjoyed this video.
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Not sure if you need credit counselling? We take a minute to tell you what it is and why you need it if you’re struggling to regain control over your debt.
Consolidated Credit Counseling Services of Canada:
Website: https://www.consolidatedcredit.ca
Facebook: https://www.facebook.com/consolidatedcreditcanada
Twitter: https://twitter.com/ConsolidatedCA
Instagram: https://www.instagram.com/consolidatedcreditca/
Google Plus: https://plus.google.com/107802209722404534513
LinkedIn: https://www.linkedin.com/company/consolidated-credit-counseling-services-of-canada/
YouTube: https://www.youtube.com/user/ConsolidatedCreditCA
Pinterest: https://www.pinterest.ca/consolidatedcan/
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