If you are considering entering into a Credit Counseling or a Debt Management Program (DMP) in Canada, it is important to know the Pros and Cons of this debt program. A Credit Counselor can go through the other Pros and Cons, but this video focuses on how it affects your credit. Learn the Pros and Cons of this debt program, so you can know if it is the best solution for you and your family!

Which debt program is better for your Credit in Canada
https://youtu.be/q70E531ldqw

Credit Counseling or DMP Summary Image
https://creditgame.net/wp-content/uploads/2022/11/Credit-Counseling-DMP-detail-image.png

Comparing Debt Program Summary
https://creditgame.net/wp-content/uploads/2022/11/All-Debt-Programs-1.png

Pros and Cons of Bankruptcy – https://youtu.be/cvP1rDpt9ew
Pros and Cons of Consumer Proposal – https://youtu.be/3AI43NFT-U0
Pros and Cons of Orderly Payment of Debt (OPD) – https://youtu.be/MSK-fdILCPw
Pros and Cons of Debt Settlement – https://youtu.be/jHrNzW9NcjQ
Pros and Cons of a Consolidation Loan – https://youtu.be/0Uy_ZzozgUY

Why a High Score is not enough!
https://youtu.be/B0go_iYJ5eI

LINKS

MY STREET CRED:
– https://creditgame.net/street-cred/

RESOURCES BOOK:
– The Credit Game – https://www.amazon.ca/Credit-Game-Rules-Every-Canadian/dp/0991690222/ref=sr_1_1?crid=NRKVLXS64VG6&keywords=the+credit+game&qid=1674316061&sprefix=the+credit+gam%2Caps%2C124&sr=8-1

CREDIT COURSE:
• FOR ALL CANADIANS – The AHA! Credit Course – https://www.learnthecreditgame.net/offers/B9gPdPQo
• REBUILD CREDIT FOR MORTGAGE FINANCING – The Mortgage CREDucation Course – https://www.learnthecreditgame.net/offers/AQoFNg9a
• REBUILD CREDIT AFTER A DEBT PROGRAM – The Life after Debt CREDucation Course – https://www.learnthecreditgame.net/offers/ob2iH8yo

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ONLY FOR CANADIAN MORTGAGE PROFESSIONALS
*If you are a Canadian mortgage professional below are the links to the private pages*:
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https://www.linkedin.com/groups/14056075/

DISCLAIMER This YouTube channel is produced for your general education and entertainment. We have done our best to ensure that the information provided is correct and helpful, however, nothing on this YouTube Channel should be considered financial advice. We cannot be held liable without knowing your specific credit or financial situation. Email me directly at info@CreditGame.net if you would like a one-on-one consultation.

#creditcounseling #creditgame #credittv

?Many people in the UK can legally write off some of their debt. But, choosing the right solution for you is important. Before committing to a debt consolidation plan, complete the short form to learn more about the options available – https://moneynerd.co.uk/debt-form/

In this video, we discuss the pros and cons of debt consolidation in 2023.

Debt consolidation is a popular technique in the UK where multiple debts are combined into one single debt. It can make budgeting and managing your finances easier and protect your credit score.

Watch this video to make an informed decision about debt consolidation.

Read more here: https://moneynerd.co.uk/what-pros-cons-debt-consolidation/

Find out more about loans with the simple form: https://moneynerd.co.uk/secured-loans-form/

If you’re struggling with multiple debts and a poor credit score, you’re not alone. In this video on “Debt Consolidation Loans for Bad Credit UK,” we’ll show you how to consolidate your debts into a single loan, even with bad credit.

We’ll discuss the pros and cons of debt consolidation and offer advice on how to find the best deal for your situation. Don’t miss out on this helpful guide!

Read more here: https://moneynerd.co.uk/debt-consolidation-loans-bad-credit-uk/

Is debt relief ACTUALLY worth it? 6 Pros of debt relief

#getoutofdebt #debtfreejourney #debtfree

Should you do debt relief: https://bit.ly/3ZoMOXT
3 Debt Consolidation loan companies we like: https://bit.ly/3ZN5VKW
2 Debt Settlement companies we like: https://bit.ly/3EZYCaQ
Lawsuit likelihood Calculator: https://bit.ly/3JkF1Vy

What are the differences between Debt Consolidation and Debt Settlement? Which one would be a better fit? What are the pros and cons? Hopefully this video was helpful in informing you about the differences between Debt Consolidation and Debt Settlement. Let us know if you have any questions in the comments below!

Chapters:
0:00 Intro
0:30 Companies we’ve vetted Consolidation Loans and Debt Settlement
0:56 Overview
1:16 Pros and Cons of Debt Consolidation Loans
2:27 Pros of Debt Settlement
5:02 Cons of Debt Settlement
8:08 What should you do?
8:25 Should you do debt relief calculator

Did you enjoy this video? // Like and subscribe for more content like this! Comment down below if you have any questions or any content you would like to see from us in the future.

At Ascend, we are dedicated to making debt freedom cheaper, easier, and faster.

More of our videos:
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Here are the debt couselling or debt review advantages and disadvantages listed. This will help you determine if debt review is for you?

Lets talk about the pros & cons of non profit credit counselling

? Student Loan Consolidation / Refinancing – https://www.thesimpledollar.com/loans/student/student-loan-consolidation-and-refinancing-guide/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=UOYoQrwdRx8

? Best Student Loans – https://www.thesimpledollar.com/loans/student/best-student-loans/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=UOYoQrwdRx8

The Pros (and Cons) of Student Loan Consolidation. This video is all about consolidating and refinancing student loans. Kamilah explains the main pros/cons of student loan consolidation, including when it comes to debt from private lenders and the government. We are not saying that you should consolidate or refinance your student loans, but it might be something to look into. In some cases you can save money and start paying just one company rather than multiple. Different companies like Credible and Discover offer specific products for student loan consolidation.

Video Host – Kamilah of Focused Spender:
https://www.youtube.com/user/FocusedSpender

? RELATED CONTENT ?
How to Pay Off Student Loans Fast:
https://www.thesimpledollar.com/loans/student/15-ways-to-deal-with-student-loan-debt/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=UOYoQrwdRx8

Take These Steps to Deal With Massive Student Loan Debt:
https://www.thesimpledollar.com/loans/student/steps-to-deal-with-massive-student-loan-debt/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=UOYoQrwdRx8

Student Loan Refinance Guide:
https://www.thesimpledollar.com/loans/student/student-loan-refinance-guide/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=UOYoQrwdRx8

Balancing Act: Pay Off Student Loans or Save More?
https://www.thesimpledollar.com/loans/student/balancing-act-pay-down-student-loans-or-save-more/?utm_source=youtube&utm_medium=video&utm_campaign=loans&utm_content=UOYoQrwdRx8

? CONNECT WITH US ?
Website: https://www.thesimpledollar.com/?utm_source=youtube&utm_medium=video&utm_campaign=investing&utm_content=UOYoQrwdRx8
Facebook: https://www.facebook.com/TheSimpleDollar
Twitter: https://twitter.com/TheSimpleDollar

? CREDITS ?
Much of the footage in this video has been provided by Storyblocks and Getty Images.

So, what are the pros and cons of debt relief, or debt settlement?

Let’s start with the pros. Settling your debts through a debt relief, or debt settlement company could resolve your debts in a shorter amount of time.

When you enroll into a debt relief or debt settlement company, they negotiate down your debts on your behalf with your creditors, so that way you can settle your debts for less.

Nothing happens overnight, however, in a few short years, or even months, you may be able to have your debts resolved and paid off for good.

Settling your debts may be a better option than filing bankruptcy, depending on where you’re at financially.

Everyone’s financial situation is different, so that would be something that you would have to talk with a debt expert about to make sure that debt relief or debt settlement is the right option for you.

In a debt relief or debt settlement program, you typically have one lower monthly payment that you can afford to pay, and throughout the program, when you resolve your debts, you’re settling your debts typically for less.

Okay, so here are the cons. Debt settlement could negatively impact your credit, however, if you have a high debt-to-income ratio, that may already be keeping you from getting a loan, even if you have a good credit score. You may be charged a fee if your debts are settled.

A debt relief company is not able to charge you an up-front fee. However, if your debts are settled and you’re using their negotiators and their program, then you may be charged a fee for settling your debts.

Debt settlement and debt relief companies should not charge you a fee until they have reached a settlement agreement that you have agreed to. However, they are still a business and you’re using their top negotiators to settle down your debts with your creditors for less.

Although, you can settle your debts on your own without a fee, going with the right debt relief or debt settlement company that can get you results, may be worth it.

If you’re in financial hardship, debt relief or debt settlement may be a good option for you because you can settle your debts for less and in less time. Your credit, however, may take a slight impact, but once you resolve all your debts, you can start rebuilding your credit again and start fresh.

Thank you for watching, feel free to like, comment, or share on this video below. And if you want more information about if debt relief or debt settlement is the right option for you, visit us on our website at alleviatefinancial.com.

Schedule your free debt analysis with an Alleviate Financial Solutions debt expert here -https://alleviatefinancial.com/get-started/

Find us on Facebook: https://www.facebook.com/alleviatefinancial

Read more on our blog: https://alleviatefinancial.com/blog/

#alleviatefinancialsolutions #debtrelief #debtsettlement #whartaretheprosandconsofdebtrelief

Watch or Listen to this recording of to my latest podcast to hear expert views on how debt counselling works, how to choose a good debt counsellor, plus what to do if you are already in debt review and want to get out.

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