Hi! Today’s video shows our progress on our debt payments for September 2020. ?
Hope you enjoy the video!!

Answers to your burning questions:
What is your Instagram handle?
• its_brendle – https://www.instagram.com/its_brendle/

What planner do you use for your budget?
• Erin Condren – https://www.erincondren.com/referral/invite/brendacline/1
*If it is your first time buying & creating an account, you will get a $10 off coupon your first purchase and I will also receive a $10 coupon*

Where can I find this sticker kit?
• Caffeinated Cait’s Etsy page – https://www.etsy.com/shop/CaffeinatedCait
• This kit is called October Pumpkin Patch
• I do cut and modify them a little.

What pens do you use?
• Sharpie Gel pen 0.7
• TUL pens
• Pilot G-2 07

What camera do you use to film?
• GoPro Hero 8 Black

What free editing software do you use?
• Olive – https://www.olivevideoeditor.org/

What program do you use for my intro, outro, & thumbnails?
• Canva – https://www.canva.com/join/asking-backdrop-malaga
• I use the free version
*If you use this link, we will both receive Canva Credit towards premium elements, such as images, illustrations, icons, and music*

What color nail polish are you wearing?
• Au Naturel!

DISCLAIMER: The links included in this description might be affiliate/referral links. If you purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for your support!

The cost of servicing US debt has surged. With solutions to the problem seemingly trapped in political gridlock, kicking the can down the road has been the norm. But at some point, failure to tackle the US’s large and growing budget deficit is going to hit the wallets of ordinary Americans.

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Where we are in the Big Cycle of #money, #credit, #debt, and #economic activity. #principles #raydalio

Divorce Your Debt was written to help the reader identify the key areas and situations in his or her life that represents bondage and debt. As individuals, we find ourselves getting involved in toxic relationships with people, things, bad habits, and our past experiences. After a while, we tend to become unconsciously “married” to these toxic relationships. Divorce Your Debt is a spiritual, emotional, lifestyle, and financial (SELF) toxicology test. It will allow you to examine yourself and the unconscious toxic relationships you have formed in each of the four major areas of SELF. Divorce Your Debt is a guide to wholeness. It’s a declaration of independence and a decree to become free from “every weight that so easily besets us.” It’s a conscious choice to become liberated from the chains, bondage, and traps of the enemy. We all need to divorce or rid ourselves of something in our lives, so we can truly follow God’s will and please the Master. Divorce Your Debt will guide you from debt to deliverance so you can set your SELF free!

The Credit Counselling Society responds to Statistics Canada’s latest household debt to income ratio report.

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

Example

Clothing account – 23% owing R5000
Personal loan – 16% owing R15000
Credit card – 17% owing R10000
Overdraft – 23% owing R1000

Owe R31 000 – so you get a new loan for R31 000 and pay off the multiple loans. then you are left with one.

Average 19.5% so make sure you get a new loan of an interest rate lower than 19.5%

After learning how to curb her spending habits, Lauren Greutman shares her hard-earned knowledge on how to get out of debt and live without the financial pressures that many people face today.

A young married woman wants to live the American Dream: two fancy cars, custom built home, two-income household, a beautiful baby with another on the way. It’s a life with the bells and whistles that credit cards, bank loans, and money can buy. Then suddenly, the bubble bursts. The damage of overspending results in a mortgage underwater, a car towed away, $40,000 in debt, and a $1,000 a month deficit in family finances. Through trial and failure, Lauren curbed her spending addiction and successfully set up boundaries to keep her safe from her spending. In THE RECOVERING SPENDER, Lauren shares with readers her step-by-step program of how to exchange the over-rated, stressed-out American dream for a new one–a simpler, happier life with financial freedom.

Farm Debt Mediation in NSW — A few problems
by ALEX ELLIOTT on 05/05/2012 · LEAVE A COMMENT · in MEDIATION

The object of the NSW Farm Debt Mediation Act 1994 is to provide for the efficient and equitable resolution of farm debt disputes. Mediation is required before a bank or financial institution can take possession of the farm or other farm property.

Section 10 of the Act provides that once a farmer gives notification that mediation is required, the bank or financial institution cannot take any enforcement action unless a certificate is in force under section 11.

Section 11 of the Act stipulates that a certificate will be issued by the Authority (NSW Rural Assistance Authority), if the Authority is satisfied that a satisfactory mediation has taken place in respect of the farm debt involved.

Mediation is a structured process in which the mediator, who must be a neutral and independent person, assists the farmer and the bank or financial institution to reach an agreement. That agreement may mean the capitalisation of interest, the extension of repayments, additional advances or increasing an overdraft limit. It may also mean the sale of certain assets over time. There are many possible settlement outcomes available to the parties.

The High Court of Australia in its decision in Waller v Hargraves Secured Investments Limited [2012] HCA 4 has added a substantial complication to the mediation process and any possible settlement.

In August 2003, Hargraves Secured Investment Limited advanced $450,000 to Ms Waller under a loan agreement. The advance was secured by a mortgage over Ms Waller’s farm. She defaulted on the loan.

Mediation was held under the provisions of the Farm Debt Mediation Act 1994. The parties entered into terms of settlement under which there was a second loan agreement for $640,000. This enabled the first loan to be paid out, along with past and future interest.

Ms Waller defaulted on the second loan.

Hargraves Secured Investment Limited commenced action in court for possession of the farm and judgment against Ms Waller.

Ms Waller appealed to the High Court from a decision of the NSW Court Appeal. The argument which was accepted by the High Court was that the enforcement proceedings were not in relation to the farm debt the subject of the mediation. There was now a new and different debt, which was distinct from the first loan. Hargraves Secured Investment Limited had not complied with the Act because the mediation only dealt with the first loan, not the new one.

So it seems that even if a section 11 certificate has been obtained in respect of a farm mortgage, a bank or financial institution must be careful that the farm debt it relates to is the same and has not been discharged in anyway prior to enforcement action. If in doubt it seems that a new notice to the farmer may have to be given.

The High Court’s decision may discourage future lending to farmers because of the uncertainty surrounding this decision. The bank or financial institution may play it safe and only offer in mediation the option of refinancing with another institution, selling the asset or agreeing to surrender the asset to the bank or financial institution. Anything else may complicate future enforcement proceedings.

This is clearly not in the interests of the rural community and the Act needs to be amended as a matter of urgency. A full range of options should be available to comply with the spirit of the legislation.

Alex Elliott

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