Analysis by Sky News suggests that one in ten of the UK’s poorest households are getting into debt – just to finance day-to-day life.

Working families are running out of money every month with a lack of affordable housing, combined with high interest loans – often from illegal loan sharks – meaning they are in a permanent struggle to survive.

Sky’s Sally Lockwood has this special report on the latest in our ‘New Lines’ series – examining life in Britain in 2019.

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Resolute Mediation & Arbitration Inc. Debt Dispute Resolution Mediation & Arbitration services; Divorce and commercial dispute settlement mediations and Arbitration.

What is debt counselling? More info here…http://www.debtcounsellinghelp.co.za

Debt counselling is the process that is intended to help restructure the debt obligations of consumers who cannot pay their debts. A consumer will have to involve a debt counsellor who will negotiate the restructuring of a consumer’s debt obligations with his or her credit providers. The purpose of debt counselling is to assist consumers in meeting their debt commitments.

If you need the help of a debt counsellor, simply visit our website and complete contact form online. We will call you back and take you through the process step by step. We will answers all your questions and explain your rights you have while in debt counselling.

I’m $500,000 In Debt And I Don’t Know Where To Start!

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Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, Chris Hogan, and Christy Wright —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

“It was easy. I didn’t have to do anything. I handed my problems over to you guys. You did all the paperwork, all the mediation and the negotiating.” – Sheryl

So you would like to know more about Debt Counselling… The good, the bad and the ugly… well almost. Moeshfieka Botha, Media and Communnications Manager for Credit Matters will give you the low down in this first of 10 series of videos. Let her know if there are any topics you would like her to discuss in her series. Contact her on 021 431 9100… http://www.creditmatters.co.za

What is debt consolidation? Basically, it involves rolling all your current loans into a single loan. Instead of having to pay multiple institutions multiple monthly repayments, you can instead just pay a single monthly repayment to a single company. “Why would you do that?”, one might ask. Well of course, there are some benefits, and there are some risks.

Let’s start with the benefits.

1. Less paperwork. Obviously, dealing with a single lender is a lot easier than having to deal with multiple.
2. Easier to budget. If you only have to budget for a single repayment during the month, then this makes things a lot easier. Juggling multiple repayments due at different times of the month can be very confusing.
3. Save on fees. If you’re only going through a single lender, this will probably mean that you will end up paying less in fees and charges overall.
4. Cash savings. Ultimately, the main reason you would want to consolidate your debt is to save money. By choosing a loan with a lower overall interest rate compared to your current loans, you’ll end up paying less per month and less in the long run.

But beware, there are some risks as well.

1. Longer loan term. Although the new loan may have an attractive interest rate with lower monthly repayments, a loan with a very long term will cost a lot more than you think. You’ll end up paying more in interest and fees over the long term.
2. Get deeper into debt. Debt consolidation may allow you to borrow more money. For example, if you transfer your current credit card debt onto your mortgage, you might be tempted to continue using your credit card and get yourself further into debt. This would defeat the purpose of consolidation.
3. Lose your home. By transferring unsecured debt (such as the debt on your credit card) into a secured debt (for example, using your home as security), if you’re unable to make repayments in the future, you might end up losing your home.
4. Equity stripping. Some dodgy lenders might convince customers who are desperate to save their home to sign up to a dodgy loan agreement. These usually have high fees which are paid out of the equity of your home. For example, before refinancing, one couple may have owned 16.2% of the equity in their home. After refinancing, they only owned 11.9%. That’s a loss of 26.5%.

And here’s the take-home message for today.

1. Make sure to read the fine print. Don’t let brokers convince you not to read the paperwork.
2. Understand all the fees and charges before you sign up.
3. Never sign a blank document.
4. Don’t believe unrealistic promises. Brokers who claim that they can get you of debt are con men. If they claim they can help you no matter how desperate your financial situation, then they are probably trying to swindle you.

But my number one recommendation would be:

5. Don’t get into too much debt. Too much debt will cripple you, so the best thing to do is to live within your means and stop trying to keep up with the Joneses.

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Credit Counselling or Debt Management – Avineet Kalsey – BSCC – Reducing Personal and Business Debt Load – Recent interview series, Part 13, where Avineet Kalsey tells us about the differences between credit counselling and debt management, and how it can help you finally get out of debt.

Debt reduction is front and center on many Canadians’ minds right now with soaring household debt levels – it doesn’t have to be this way – call our experienced credit counselors such as Avineet Kalsey right now. You don’t need to struggle with debt, BSCC can help reduce your debt by over 50%-90% RIGHT NOW – call us today at 1-866-790-8984 – its free!

or Visit:

Business Solutions & Credit Counselling Services

Surrey/Vancouver office:
12033 92A Ave #205 Surrey, BC V3V 4B8
Tel: 604-951-8984
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Brampton, ON L6T 5C6
Tel: 905-789-8984
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Calgary Office:
#210-3132 26 Street NE
Calgary, Alberta T1Y 6Z1
Tel: 403-714-8984

Edmonton Office:
Tel: 780-716-8984

Abbotsford Office:
#1A – 2497 Clearbrook Road
Abbotsford, BC V2T 2Y3
Tel: 604-951-8984
or Nationwide call: 1-866-790-8984

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Don’t spend another year racking up unnecessary debt and dig yourself deeper into an unrecoverable situation – we can help! You can avoid going into bankruptcy – it’s a negative mark on your credit and can last for 7-10 years – where a neutral credit counseling notation is REMOVED once someone completes the program. You really can turn your financial life around quickly – just call us and receive a free evaluation of your situation with some helpful advice and absolutely no obligation to take any action if you don’t wish to.

Remember – you DO NOT (and in a lot of cases, SHOULD NOT) always have to go into bankruptcy – we can share valuable information about your options that your bank or other credit counseling companies may not be willing to share with you – because it’s not in their best interest! We work on YOUR behalf, and thus ensure that you receive the very best information for your specific situation. Contact us today at BSCC for a free consultation about your finances – 2018 can be your year that you begin on the journey to finally becoming debt free!

For over a decade, the professionals at Business Solutions and Credit Counselling Services (BSCC), a registered, government-approved credit counseling firm, has assisted hundreds of thousands of consumers throughout Canada to avoid declaring bankruptcy, prepare a consumer proposal, rebuild their credit rating, and pay off their excessive charge card debt. These are clients who were once struggling to manage excessive debt and financial obligations. We work with each client individually, designing manageable, realistic programs to relieve their financial burden and stress.

For more information about using effective debt counseling nationwide wherever you live in Canada – and how to avoid bankruptcy and becoming debt free from high credit card debt or even business bankruptcies, please visit us at http://www.bscc.ca or call 1-866-790-8984 today! We have credit counseling offices in Toronto, Vancouver (Surrey), Calgary, Edmonton, and Abbotsford.

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If your debt is great and you are serious about getting out of debt, debt consolidation may be an option may be an option. But what is it and will it work for me? I answer these questions in this video.

What is Debt Consolidation? Should I do it?
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What is Debt Consolidation? Should I do it?
If you are under a mountain of debt there are a ton of terms that are thrown around that offer relief for your woes. Words like bankruptcy, Chapter 11, Chapter 13, debt relief, debt consolidation but you have no idea which one is for you. In this video, I will be discussing debt consolidation. I lay out the pros and cons so you can make an informed decision about if this will work to help you achieve your financial goals.
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