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Debt management can be approached individually or with professional help. On your own, you can create a budget, communicate with creditors to negotiate better terms, or consolidate debts, though this might involve high interest rates. With assistance, credit counseling provides guidance and repayment plans, while debt settlement involves negotiating lower payments but can be risky; bankruptcy should only be considered as a last resort.

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What Are the Benefits of Debt Counseling? Debt counseling is a structured approach to managing and eliminating debt that can provide individuals with the support they need to regain financial stability. In this video, we will discuss how debt counseling works and the benefits it offers for those struggling with financial obligations. You’ll learn about the process of working with certified credit counselors who can help you create a personalized repayment plan tailored to your unique financial situation.

We will also cover how debt counseling can lead to lower interest rates and fees, making it easier to pay off debts more quickly. The video will highlight the convenience of consolidating multiple payments into one monthly payment, reducing stress and improving organization. Additionally, we will explore how debt counseling can positively impact your credit score and provide relief from aggressive creditor actions.

Join us as we break down the educational aspects of debt counseling, including budgeting and money management strategies that can help you avoid future debt issues. If you’re ready to take control of your finances and work towards a debt-free future, this video is for you. Don’t forget to subscribe to our channel for more helpful tips on financial management and debt relief!

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#DebtCounseling #DebtManagement #CreditCounseling #FinancialStability #DebtRelief #MoneyManagement #BudgetingTips #CreditScore #FinancialEducation #DebtRepayment #StressFreeFinances #ConsolidateDebt #DebtHelp #PersonalFinance #FinancialGoals

About Us: Welcome to Get Rid Of Guide, your go-to channel for practical solutions to everyday challenges! Whether you need expert pest control tactics, stain removal hacks, or effective decluttering tips, we’ve got you covered. Our videos also tackle household odor removal, skin blemish remedies, mold and mildew removal, and strategies to eliminate unwanted apps and software. Join us as we address junk food cravings, negative habits, and even help you navigate debt and financial burdens.

If you’re feeling overwhelmed by monthly repayments and falling behind on bills — debt counselling might be the lifeline you need. ??

You qualify for debt counselling if:
? You’re unable to pay all your debts on time
? You have a steady income
? You’re classified as over-indebted after a formal assessment

Take the first step toward financial freedom today. ????

???? Contact us now for a free assessment and personalised plan.

#DebtHelp #DebtCounselling #FinancialFreedom #SouthAfricaFinance #MoneyMatters #DebtRelief #TakeControl #DebtSolutions #LiveDebtFree

Are you struggling to keep up with monthly payments? In this video, Sandton Debt Counselling explains exactly what Debt Review is and how it protects South African consumers.

Debt Review is a legal process designed to save your financial future. We consolidate your debt repayments into one affordable monthly installment and negotiate with banks to reduce your interest rates. This gives you immediate legal protection from creditors and much-needed breathing room to cover your living expenses.

Chapters: 0:00 What is Debt Review? 0:05 How Restructuring Works 0:10 Negotiating Lower Interest Rates 0:15 Legal Protection Benefits 0:24 Contact Sandton Debt Counselling

Key Benefits Covered: ? Instant legal protection from creditors. ? Reduced monthly installments & interest rates. ? One simple payment plan you can trust.

Contact Us: ???? 087 550 11 22 ???? help@sandtondc.co.za ???? Learn more about what Debt Review is: https://www.sandtondc.co.za/articles/what-is-debt-review/ NCR Registration: NCRDC3360

Clearing debts can be difficult, which is when you may find yourself resorting to a debt management plan. But the trouble is that a debt management plan can also affect your mortgage choices. Read on to learn all about getting a mortgage with the debt management plan and what to consider when applying for one.

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Please reach out to our mortgage advisors for any more queries.

“As a mortgage is secured against your home/property, it could be repossessed if you do not keep up the mortgage repayments”.

#dmpmortgage #debtmanagementplan #badcredit #badcreditmortgage #mortgage #lendingline #uk #fyp

The hidden truth about credit counseling ????

If you’ve been searching for the 2025 pros and cons of credit counseling, we’ve got the details that most people never learn ????????

Freedom Debt Relief host Rob Wilson TV breaks down how it really works, the benefits, and its drawbacks—so you can decide if it’s right for you.

???? Ready to find your path out of debt? Visit https://bit.ly/4o5OJwx for a free consultation.

???? Watch the full video for a complete breakdown of credit counseling pros and cons, plus how it compares to other debt relief options. Like, comment, and share if this helped!

#debtrelief #freedomdebtrelief #creditcounseling #debtfreejourney #moneytips #financialfreedom #shorts

If you’re struggling to keep up with payments, don’t wait to get help.

Contact one of our certified Credit Counsellors today to review your debt situation and discuss your options. All of our appointments are confidential, non-judgemental and free.

#DebtCrisis #CreditTips #PersonalFinanceCanada

With the total credit card debt amount rapidly approaching $1.2 trillion, many consumers are struggling to make ends meet. According to LendingTree, the average household in the United States owes $7,236 – a 38% increase from 2021. The average interest rate on credit cards currently is an ugly 24.26%. When you connect these stats with the fact that millions of Americans pay only the minimum payments each month, climbing out of debt seems nearly impossible for some in 2025. At least trying to do so on your own is.

Luckily, benefits like lower monthly payments and lower interest rates are available through Debt Management Programs. And thanks to record breaking savings at DebtWave in 2024, these benefits make it possible to achieve financial freedom.

Debt Management Plan Payment Reduction
Clients that enrolled onto DebtWave’s Debt Management Program (DMP) in 2024 merited an average payment reduction of $220. The average minimum payment plummeted from $915 to $695. This shatters the previous year’s record of a $193 payment reduction.

A big factor that made these savings possible are the attractive concessions offered by the credit card companies. In 2021, creditors wanted about 2.71% of the balance as the monthly payment to enter a DMP. In 2024, that percentage decreased to 2.54%. Additionally, payments on own increased from 2021 to 2024. Creditors required about 3.15% of the balance when making payments on their own in 2021. That percentage increased to 3.35% in 2024.

Credit card companies have been generous with interest rates on DMPs as well. In 2020, the average interest rate obtained on the DMP was 8.2%. In 2024, the average APR dropped to 6.8%, setting a new record at DebtWave. As payments on own increased in 2024, so did the interest rates on own. The average APR per client on own in 2024 peaked at 23%.

Average Debt Per Client Enrolled
The average balance enrolled per client soared in in the last two years. Another record high established in 2024 with the average surpassing $27,000. This is nearly double the amount of $15,799 in 2022.

When you combine the payment savings and the monthly finance charge savings, you have clients making significant progress to their principal balance. From 2020-2022, the average total combined monthly savings was less than $300. In 2024, the monthly savings nearly doubled to $596.

We expect and hope these incredible concessions to continue in 2025. For those facing high balances on their credit cards and experiencing a financial hardship, help is available. Taking the first step toward financial freedom is the most important step to take. Find more information about credit counseling and our program or get started online.

?To schedule a free consultation with a nonprofit credit counselor, take our quick screener at https://link.upsolve.org/dmpHelp ?

???? Upsolve is the internet’s leading nonprofit source of financial literacy education. Nearly 3 million Americans visit Upsolve.org each year. Our services are 100% free. Here’s how we do it: https://bit.ly/howitsfree

? Debt Management Plan = All eligible debts pulled into a 3-5 year repayment plan.
? Plan is overseen by a credit counselor.

?? DMP can hurt your credit score in the short term, especially if you have a strong score when you start the DMP.
?? DMP can save you money over time by lowering your interest rates (and potentially getting fees waived).
?? DMP streamlines your monthly debt repayment which can make it easier to stay on track.

?Questions? Let us know in the comments!

Welcome to the GoMortgage YouTube Community! ????????

Join us on a journey through the realm of mortgages, home buying, and financial savvy. Whether you’re a first-time homebuyer, a seasoned homeowner, or simply curious about mortgage intricacies, our succinct videos offer something for everyone.

From expert advice to market insights, we’re dedicated to demystifying the mortgage process and equipping you to make informed choices.

Don’t forget to subscribe, like, and hit the notification bell to stay in the loop with our latest mortgage-focused content.

Let’s turn your dreams of homeownership into reality, one video at a time! ?????
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