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“Before you jump into debt consolidation, let me break it down for you. ????
Most of these so-called debt relief companies will tell you to STOP paying your bills so they can “negotiate” on your behalf. Sounds good, right? WRONG. ?
Here’s the truth:
???? You’ll default on your accounts.
???? Your credit score will take a major hit.
?? You could end up worse than where you started.
A smarter approach? ???? Get a personal installment loan from lenders like SoFi, Lending Club, or Best Egg. This allows you to:
? Pay off your high-interest credit cards.
? Lower your overall interest rate.
? Reduce your credit utilization (which makes up 30% of your score).
? Keep your credit score intact—or even increase it!
Moral of the story? Don’t fall for the “quick fix” traps. Leverage debt the right way and set yourself up for financial freedom.
???? Want more credit and wealth-building strategies? Click the link in my bio and book a free discovery call with one of my wealth advisors today!
#FullTimeCEO #SmartMoneyMoves #DebtFreeJourney #WealthBuilding #CreditScoreTips #FinancialFreedom #EntrepreneurMindset #MoneyMatters #CreditEducation #DebtConsolidation”
Could you write off some debt? Go here: https://thriftyfamily.co.uk/write-off/
Get legal advice from a solicitor (£5): https://thriftyfamily.co.uk/legal-help/
“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.”
For more information:
Call us on: 0210038733
Visit: https://nationaldebtadvisors.co.za/
Twitter: https://twitter.com/NationalDebtAdv
Facebook: https://www.facebook.com/nationaldebtadvisors
Are you struggling with debt and looking for a way out? In this video, we will explore Debt Management Plans and whether they are right for you. Learn how debt management plans, or D M Ps, can help you reduce your debt and regain financial stability. With the right debt solutions, you can pay off your debt and get back on track.
Debt Management Plans are designed to consolidate your debts into one manageable monthly payment. This video will show you how to manage debt effectively and avoid bankruptcy. We will also discuss the benefits and drawbacks of debt management plans, so you can decide if this debt solution is right for you.
By watching this video, you will gain valuable debt advice and tips for debt reduction. Discover how a debt management programme can help you pay off your debt faster. Learn about debt settlement and how to handle debt without stress. Our expert advice will guide you through the process of debt recovery and debt resolution.
Understand how debt management services work and what to expect when you sign up for a debt payment plan. We will also share a real-life case study from the UK to illustrate how a debt management plan can make a difference. Learn how to find a reputable debt management company and what to look for in a debt management strategy.
If you are considering a debt management plan in the UK, this video is for you. We will provide actionable steps and tips to help you control your debt and find the best debt assistance. Whether you are dealing with credit card debt, personal loans, or other unsecured debts, we have the information you need to make an informed decision.
Watch this video to learn how to create a debt repayment plan and take control of your financial future. Do not forget to like and subscribe if you find this content helpful. Your support helps us reach a wider audience and provide more valuable debt management advice.
Steps to Take When Considering a Debt Management Plan
First, assess your financial situation by listing all your debts, including amounts and interest rates. This step is crucial to understand the extent of your debt and determine if a debt management plan is suitable.
Next, research reputable organisations that offer debt management services. Look for companies with good reviews and accreditation.
Contact them to discuss your options and understand any fees involved.
Speak to a financial advisor to get personalised debt advice. A professional can help you understand the pros and cons of debt management plans and other debt solutions.
If you decide to proceed, gather all necessary documents, such as credit card statements, loan agreements, and income details. This information will be needed to set up your debt management plan.
Ensure you understand the terms and conditions of your debt management plan. Ask questions and do not be afraid to seek a second opinion if something does not feel right.
Stick to your budget and avoid new debts while on a debt management plan. Discipline and commitment are key to successfully paying off your debt.
Regularly review your debt management plan and make adjustments if needed. Stay in contact with your debt management company to ensure everything is on track.
For more information, visit the UK Care Guide at www.ukcareguide.co.uk.
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This video is the property of UK Care Guide Channel. You are authorised to share the video link and channel and embed this video in your website or others as long as a link back to our YouTube channel is provided. © UK Care Guide
#DebtManagementPlans #DMP #DebtRelief #DebtReduction #ManageDebt #PayOffDebt #DebtSolutions #FinancialHelp #DebtAdvice #DebtConsolidation #DebtRepayment #DebtCounselling #DebtHelp #DebtManagementUK #ReduceDebt #DebtRecovery #DebtPlan #DebtManagementProgramme #DebtPaymentPlan #DebtSettlement #HandleDebt #DebtControl #DebtResolution #DebtAssistance #DebtManagementService #DebtSupport #DebtManagementCompany #DebtManagementStrategy #DebtManagementPlanUK #DebtRepaymentPlan
Helps Nonprofit Law Firm Executive Director Eric Olsen discusses debt management and whether or not they are a help to persons receiving social security income.
HELPS Website: www.helpsishere.org
????Subscribe to 8 Minute Wealth Now????
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Debt consolidation loans are a popular solution for people who are struggling to pay off their debt. But is it really worth the risk? In this video, we’ll explore the risks and benefits of debt consolidation loans to help you decide if this solution is right for you.
Debt consolidation loans can have a number of benefits, like reducing the number of monthly payments you have to make. But be sure to read the fine print carefully to make sure you understand all the risks. After watching this video, you’ll have a better understanding of the pros and cons of debt consolidation loans, and can make an informed decision about whether or not this solution is right for you.
Join our FREE 15-Day Financial Mastery Boot Camp:
https://8minutewealth.gumroad.com/l/FinancialMasteryBootCamp
Or Transform Your Financial Future with our e-book ‘Wealthy and Wise: A Guide to Building Wealth and Achieving Financial Freedom’ – get your copy now!
https://8minutewealth.gumroad.com/l/WealthyandWiseGuide
Need a Budget Planner? We recommend the below:
Clever Fox Budget Planner – https://amzn.to/3WSzDwp
Legend Budget Planner – https://amzn.to/3Y7RU9T
A few good reads:
The Millionaire Next Door By Thomas Stanley – https://amzn.to/3Yfyekw
Think and Grow Rich by Napoleon Hill – https://amzn.to/3wLqtqN
You Are a Badass at Making Money: Master the Mindset of Wealth by Jen Sicero – https://amzn.to/3Yg8AvU
Get Good with Money: Ten Simple Steps to Becoming Financially Whole by Tiffany Aliche – https://amzn.to/3Yar8he
Or try Audible for FREE for 30 Days and only 7.95 a month after – https://amzn.to/40drcPj
While we do recommend each of the above links, please understand commission is earned back to the channel if purchased. We only share links that we have used, read, or find useful to our audience. Help us provide even better content by supporting us!
8 Minute Wealth is a YouTube channel designed for beginner investors and entrepreneurs looking to learn about finance, investing, and building wealth in short and easy-to-understand videos.
8 Minute Wealth is not a registered investment, legal, or tax advisor or broker/dealer. All investment/financial opinions expressed by 8 Minute Wealth are from personal research and experience of the owner of the site and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors may occur.
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Groceries. Gas. Rent. That’s where it started.
Then came the interest, the stress, and the silence.
But the answer wasn’t another loan.
It was one free debt review — and real help that actually worked.
No new debt
One manageable payment
100% confidential
Tap below. See if you qualify. No pressure. Just clarity.
https://lp.dacl.ca/
The actual process I used to negotiate debt and save thousands plus how to plan your own debt negotiation strategy without a debt settlement company. https://www.youtube.com/watch?v=AGUZ5paqvCQ&index=8&list=PLjsZ3KrTlZozfKrkG8uKVUa_yoC6xUVvn
The average American owes $16K in credit card debt and a full year’s income in total debt. That’s too much and sometimes you just can’t pay it off. That’s when it’s time to start negotiating debt with creditors, agreeing to pay some of the money if they wipe out the rest.
This isn’t an easy way out of debt and shouldn’t be used as an excuse to run up thousands in credit card debt. It’s a powerful process and must be used responsibly. For those in true financial trouble, it can be a way out and a way forward.
I start by sharing my debt negotiation story, how I used this process to save over $6,500 in credit card debt and personal loans. I also reveal the two biggest traps in debt negotiation, filing bankruptcy and debt settlement companies, and how you can avoid them.
This is a four-step debt negotiation process that will guide you step-by-step into dealing with collection agencies and bill collectors. I’ll help you plan your negotiating strategy and reveal the secrets to getting as much of your debt wiped out as possible.
– My debt negotiation story
– A warning about bankruptcy and debt settlement companies
– Four-step debt negotiation process
– Planning your debt negotiation strategy
– Dealing with a debt collection agency
– Two negotiating strategies that WORK
Don’t forget to click through to the debt payoff playlist above and follow the entire series. I may eventually turn this series into a paid course but you can watch it all free right now. I start out by revealing the debt payoff strategies that will work with any budget, even on low income, and finish by showing you how to get a perfect credit score.
SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. https://peerfinance101.com/FreeMoneyVideos
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#creditreport #creditscore #debt
