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Video Title: Remove Late Payments Fast! How to Dispute & Avoid Debt Consolidation Traps

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Consumers appear to have marginally improved in their debt management.

That’s according to the latest Experian Consumer Default Index, which showed an improvement in the behaviour of South African consumers who have secured home loans, vehicle loans, personal loans and credit cards in the three months that ended in June 2024.

Nompumelelo Siziba filed this report.

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

What are your option when feeling the financial pinch?

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Video Description :
rpower crash coming
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#rpowershare #rpowersharelatestnews #reliancepowershare #rpowermultibagger #rpower #rcapital #bhasinkebharosemandshare #bhasinkehaseenshare #bhasinkehaseenshare #tradersdream

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Last week on Nightly News, we ran a report about medical bills and the liens one hospital system had put on the homes of patients who couldn’t pay. Following our report, the company announced it is now canceling the debt for thousands. NBC News’ Christine Romans reports.

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#MedicalDebt #Hospital #Patients

Electricity Minister Kgosientsho Ramokgopa says there is a way to shave off 6% off proposed power tariffs.

He says this can be done by staving off carbon tax and recouping municipal debt.

He was briefing a Parliamentary Portfolio Committee alongside energy regulator, Nersa. #eNCA #DStv403 #questionthinkact

FULL INTERVIEW HERE: https://www.enca.com/videos/discussion-restore-power-grid-sorting-out-municipal-debt-can-reduce-tariffs

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

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

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The Congressional Budget Office has admitted that the US national debt cannot be repaid. So what’s the solution from the US Government and Federal Reserve, will this weigh on the election, and what will the result be for the stock market?

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12:40 Fixing the Deficit

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Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it’s appropriate for you. Read Brandon’s Financial Services Guide available from https://guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns.

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