There has been a surge in public debt in the US and other countries around the world. Are we going to face a looming currency crisis? In this episode, we talk to Jim Rogers and Peter Westaway to unpack these themes.

#jimrogers #usdebt #economy #debtcrisis

South Africa’s debt continues to escalate to worrying levels. That’s as the country’s debt burden has multiplied in the past few years from R500 billion in 2016 to R4.7 trillion last year and is forecast to reach R6 trillion by 2025.

Investment Executive at Foord Asset Management Linda Eedes unpacks this.

Tune into Newzroom Afrika DStv channel 405 for more.

Mohau Debt Counselling a division of Mohau holdings was founded in 2012 by Mohau Petrus Motaung. We have highly trained professionals who are committed to providing life changing assistance to over indebted individuals.

This online mediation simulation was run with 3 ADR Group UK mediators – in USA, UK, Greece.

Debt Review Awards Founder Zak King speaks to a well known Debt Counsellor and Credit Provider about their views on the criteria used in the annual peer review of Payment Distribution Agents (PDAs).

For more information about the Debt Review Awards process head to: www.debtreviewawards.co.za

Local money coach Lisa Chastain told Abel Garcia that nearly all of her clients are struggling with credit card debt and offers these tips to get those balances paid down.

It’s a big one! Tune in to see my progress for this week.

I provide updates on my student loan debt, credit card debt, cosigned student loan, and mortgage.

I also provide some encouragement to others that are also on this journey and some tips that have helped me.

Like this video and subscribe to this channel to follow my journey.

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About Me:
I’m a 39-year-old wife & mother who is on a journey to be free indeed! I am on a journey to pay off all of my debt within 7 years, build wealth, and be a financier of the kingdom of God.

#debtconfession #debtfreecommunity #debtconfession #debtconfession2023

Sands & Associates Licensed Insolvency Trustee Blair Mantin joined BT Vancouver to break down key considerations about debt consolidation that BC consumers should be aware of, and give some tips for debt consolidation success.

Are you struggling with debt that seems to grow endlessly due to interest? Debt consolidation loans might offer a solution. Prosper CEO David Kimball joins Wealth to discuss the pros and cons of this debt relief option.
Kimball emphasizes that the current high-interest rate environment is a primary reason to consider debt consolidation. By consolidating debt, borrowers can potentially reduce interest rate costs, especially if they’re carrying balances across multiple high-interest credit cards. This approach allows for a transition from higher-interest debt to a single, lower-interest loan.
However, Kimball stresses that the real key to financial health lies in managing finances and changing habits. He explains, “It really comes down to whether or not you have the capacity, and ultimately, if you don’t change your habits, if you keep spending the way you were spending, you’re going to take this debt from your credit cards, put it on a debt consolidation loan, [but] your credit card lines are still open. If you begin to spend on your credit card lines again, what you’re doing at that point is creating more debt.”
Kimball cautions that this scenario is a significant drawback of debt consolidation. He advises, “You need to face your finances, understand them, and make a budget. For some people, you’re going to have to change your spending behavior for this to be a really effective tool.”
#news #youtube #stocks

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People facing debt: Could you write off some debt? Get started here: https://moneynerd.co.uk/get-debt-options/

The information provided in this video is for editorial purposes only and not intended as financial advice. Free debt counselling, debt adjusting and providing of credit information services are available from MoneyHelper, an independent service set up to help people manage their money. You can find out more by contacting MoneyHelper. MoneyNerd is not associated with MoneyHelper, we just think they’re great.

MoneyNerd does not give specific debt advice and we recommend that you always discuss your personal situation with a qualified adviser that works for a company that is authorised and regulated by the Financial Conduct Authority. With your consent MoneyNerd may pass you on to a trusted debt counselling company or insolvency practitioner. MoneyNerd Limited is an Introducer Appointed Representative of Pacific Financial Solutions Ltd who is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 688034) and is classed as a debt counselling firm. Their in house IPs are Jason Bowen who is authorised to Act in the UK by the Institute of Chartered Accountants of Scotland (ICAS). Licence no. 22150 and Laura Stewart who is authorised to Act as in the UK by the Insolvency Practitioners Association (IPA). Licence no. 23590.