Joel Grisé is a Certified Credit Counsellor and a Financial Fitness Coach from K3C Credit Counselling – Ottawa which is an Accredited Member Agency of the Canadian Association of Credit Counselling Services. Joel describes what you can expect when you call a CACCS Accredited Not-For-Profit Credit Counselling Agency.

A counselor is an advisor who has the training and resources to help you achieve your best financial future. For confidential advice from an NFCC trained, certified counselor, call 1-800-388-2227 or visit www.DebtAdvice.org.

How to exit debt review

A consumer can apply for debt review if they are unable to meet their debt commitments. However, in some cases, a consumer’s finances may improve and they wish to exit. Whether or not you are able to exit will be determined by where you are in the process.

When you apply for debt review, a debt counsellor issues form 17.1(b) which protects you from further legal action by your creditors. Creditors must provide a certificate of balance and the debt counsellor then assesses whether you are overindebted.

Once this assessment is completed, the debt counsellor issues form 17.2 (b). This includes a repayment plan which could include interest rate concessions from your creditors. Although this agreement still requires court approval, the consumer can start the new repayment schedule. All credit bureaus are notified, and you are effectively under debt review.

The next step is to apply to the Magistrates Court and the magistrate declares the consumer overindebted.

If you have applied for debt review and the debt counsellor has issued form 17.1(b), you can still cancel the process. Be aware that creditors can immediately act against you, if you are in arrears with repayments, as you are no longer protected.

Once form 17.2(b) has been issued, you are under debt review, but a magistrate has not yet issued a court order. If your financial circumstances have changed, then you can provide this information in the court application. If the magistrate agrees that you are no longer over-indebted, this terminates the debt review.

Once a magistrate has issued a court order placing you under debt review, you cannot exit until all your debts, apart from your mortgage, are settled as per the court order. This means even if your financial circumstances change you will not be able to exit debt review.

The only way to exit in this case is to accelerate all your debt repayments and settle as quickly as possible. If you received an interest-rate concession in the debt review agreement as you would settle your debts sooner than if you were not under debt review.

How to Get What you Want in Divorce Mediation | Ask a Divorce Mediator // When couples decide to proceed with separation or divorce, they often feel unprepared and alone. In therapy, Parallel Wellness works with couples contemplating “Is my marriage over?”, “Should I get divorced?” and “Can i save my marriage?” In this video, we interview Paul Sweatman of Dignified Divorce Vancouver, a divorce mediator to gain insight into the mediation process, how to avoid mediation conflict, and his advice on divorce and separation. Before divorce, couples may seek couples counselling or even attend counselling for divorce and separation throughout their medication experience.

In this video, Paul covers his top divorce advice, divorce mediation tips and divorce tips for couples getting divorced, how to amicably divorce with kids, managing spousal and child support agreements, and his divorce legal advice. He also shares about supporting clients when they choose to stop divorce.

Paul Sweatman – Dignified Divorce Vancouver
www.dignifieddivorcevancouver.com
BLOG POST: Marriage as a Flight: https://www.parallelwellness.ca/marriage-divorce-mediator/

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The advice and opinions expressed in this video are not a substitute for therapy or medical treatment. The information contained in this video is intended to provide general information on matters of interest for the personal use of the viewer. While every effort has been made to ensure the information shared in this video has been obtained from reliable sources, we do not hold responsibility for any errors or omissions, or for the results obtained from the use of this information.

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We encourage seeking professional help if you would like support for specific concerns. If you or someone you know is in crisis and needs emergency support, please contact the local crisis centre in your area. For Canadian and BC residents, please refer to the following for crisis support:

Crisis Services Canada
24/7 Toll Free Phone: 1 833 456 4566
Texting: 45645

Kids Help Phone
Text Services: Text “CONNECT” to 686868 (also serving adults)
Chat Services: (6pm-2am ET): kidshelpphone.ca

Youthspace.ca (NEED2 Suicide Prevention, Education & Support)
Youth Text (6pm-12am PT): (778) 783-0177
Youth Chat (6pm-12am PT): www.youthspace.ca

British Columbia:
Vancouver Crisis Centre
Crisis Chat: crisiscentrechat.ca
Northern BC
Prince George Crisis Line
Youth Support: (250) 564-8336
Crisis Chat: www.northernyouthonline.ca

Vancouver Island:
Vancouver Island Crisis Line & Chat
Crisis Text: (250) 800-3806
Crisis Chat: www.vicrisis.ca

Debt Review can consolidate your debt into one easy payment and clear your credit record. For a free assessment, contact us today!

http://payplansolutions.co.za

The Debt Counselling Industry has called on government to launch a high level investigation into the National Credit Regulator to find out why it was not doing its job properly. DCI said the NCR should be probed for not properly investigating African Bank. Meanwhile, share trading of the troubled bank on the JSE was suspended Monday morning.
Shareholders requested the suspension after the Reserve Bank had placed the lender under curatorship over the weekend. Reserve Bank governor Gill Marcus announced that African Bank had been placed under curatorship. A consortium involving major banks had committed to underwrite a R10 billion capital raising exercise, and would engage with shareholders and
other participants.

Respond to your debt lawsuit: https://www.solosuit.com/debt_answer_premium?irclickid=1NMUgqXAlxyPT5X2fuzYJTvVUkHU3wyZMzC2Rk0&utm_source=Consumer%20Warrior%2C%20LLC&utm_medium=affiliate&utm_campaign=Consumer%20Warrior%2C%20LLC&utm_content=Debt%20Answer%20Premium%20Landing%20Page&irgwc=1

Have you been sued for debt? Join our free webinar to learn about how to respond and negotiate with collectors to settle your debt before the court date.

Attorney John Skiba will join our webinar and Q&A session this week. John is an experienced Bankruptcy & Consumer Rights attorney and owner of Arizona Consumer Law Group, PLC. He has helped more than ten thousand families struggling with overwhelming debt issues.

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

Many consumers have been trapped under debt review after being made to participate in the process without their knowledge. These consumers were made to believe that they were taking part in a debt consolidation process by some unscrupulous debt counsellors. Ensuring that the debt counsellor is registered and follows the process governed by the National Credit Regulator will help protect consumers against unscrupulous debt counsellors.

For more news, visit sabcnews.com and also #SABCNews on all Social Media platforms.

Debt counselors are warning against lavish spending on Black Friday.
Courtesy #DStv403

Debt Review Awards Founder, Zak King chats with Debt Counsellors Alan Manshon (The Money Clinic), Seb Alexanderson (NDA) and Attorney Quintin Zimmerman (Liddles) about criteria that are used to evaluate credit providers in the annual peer review process.

For more info visit: http://debtreviewawards.co.za/