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.”
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Some debt relief companies may try to trick you into thinking you’re working with a nonprofit consumer credit counseling service. It’s a bait and switch that can ruin your credit if you’re not careful. This video explains the questions you can ask to affirm that you’re working with a legitimate credit counseling organization.

To learn more, visit: https://bit.ly/3ik4s9F

If you’ve encountered scams as you’ve worked to get out of debt, share your story in the comments. You can also ask us questions about credit counseling if you want to know more.

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Can Divorce Mediation Help With Debt Division? Navigating debt division during a divorce can be challenging, but divorce mediation offers a practical solution. In this informative video, we will discuss how mediation can assist couples in managing their financial responsibilities during this difficult time. We’ll explain the role of a mediator and how they facilitate conversations between partners, ensuring that both parties can openly discuss their debts and reach agreements that work for them.

You will learn about the importance of transparency in mediation and how it helps in making fair decisions regarding debt. We’ll also clarify which debts are typically considered during the divorce process and how a mediator can help distinguish between marital and separate debts.

Furthermore, we will outline the steps involved once an agreement is reached, including the drafting of a settlement document and the importance of legal review before submission to the court.

This video emphasizes the benefits of mediation not just for financial outcomes, but also for maintaining family relationships during a divorce. Join us as we explore this collaborative approach to debt division, and subscribe to our channel for more helpful discussions on family relationships and divorce matters.

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Overcome fear

If you are online looking for these search terms:

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The take the time to see this video, its free and I’m not selling anything. I did this on my own and it work, you don’t need anyone to do this.

and see.. No links trying to sell you something 🙂

Tel : 044 382 0670 Office cell: 082 553 8418 or 082 440 7155
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Tired of debt?
Can’t keep up with your monthly instalments?
Can’t cope with making ends meet?

Debt can get you feeling down, frustrated and scared. We often feel like there is no hope, or that things are just getting worse. Debt counselling may be the solution for you.

What is Debt Counselling?
Debt counselling is a debt relief measure, which is regulated by the National Credit Regulator and by the NCA. The debt counsellor will negotiate with your credit providers for a lowered instalment, interest rate, and an extended period over which the debt is to be paid. The debt counselling team will assist you with amending your budget and monthly expenditures so that you will be able to afford to live with ease and still maintain stable debt repayments.

Who can apply?
The answer is simple; anyone that has financial problems can apply for debt review. Your application will be assessed and if you are found to be over indebted, our team will proceed with the application and help you.

What do we need?
We need the following documentation:
– Proof of residence,
– Three latest payslips,
– Your marriage certificate,
– Copies of your ID and your spouse’s ID (if you are married),
– A copy of your latest bank statement.

This process is 100% confidential. We will not tell your friends, employers, or anyone else that you are under debt review.
Drop us a message on Facebook, or an email for more information.
You can give us a call too!
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Email: response@credicare.co.za, admin13@debt-assist.co.za

A review of the Florida Mediation process by Florida consumer defense attorney R. Scott Cedola. Visit his office at http://www.cedolavincent.com or call 866-475-DEBT (3328).