Know your rights when it comes to debt collectors and collection agencies.

Debt collectors will try to prey on your emotions or lack of knowledge about how debt collection works. Don’t let them take advantage of you!!

In this video, I’m explaining why you should never pay collections (and why it probably won’t affect your credit score). You’ll learn what happens when your debt goes to collections, what rights you have when it comes to debt collectors, and how to deal with collection agencies and handle debt collectors.

—–

Want to build wealth? Watch our Think Like an Investor masterclass: https://try.dowjanes.com/webinar-yto/

—-

?FREE? RESOURCES:
5 Days to Debt-Free Mini-Course: https://bit.ly/3AQRYQU
Credit-Boosting Checklist: https://try.dowjanes.com/credit-score-checklist/
Say Good-Bye to Debt Forever: https://try.dowjanes.com/mdy-webinar-ccd/
???? Sample dispute letter: https://www.consumerfinance.gov/consumer-tools/debt-collection/

RELATED VIDEOS:
Improve your Credit Score: https://youtu.be/akuqlr0ZcWg
How to Set a Budget: https://youtu.be/7pROCR24cVg

COME SAY HI!
Get weekly tips for achieving ALL your money goals: http://bit.ly/3kVbnML
Facebook: https://www.facebook.com/thedowjanes
Instagram: https://www.instagram.com/dow.janes/
Join our Community of Wealth-Building Women+: https://www.facebook.com/groups/femin…

? Learn how to make this YOUR million-dollar year: https://bit.ly/3GGuvDV ?

—–

The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Dow Janes or any third party service provider to buy or sell any securities or other financial instruments.

#DowJanes #PersonalFinance #Debt #DebtCollectors

Credit Matters wins the award for Best LARGE Debt Counsellors 2023! To get out of debt go to www.creditmatters.co.za

Apply for a consolidation loan: https://theyukonproject.com/debt-consolidation-loans/

A debt consolidation loan is an installment loan offered by banks, credit unions, or non-bank lenders that will allow you to convert many of your other debts into a single loan payment. This can simplify your month-to-month finances and decrease the interest you spend on your debts.

Are debt consolidation loans a good idea? If I already have a lot of consumer debt, isn’t taking another loan just digging myself deeper?

Debt consolidation loans can be a powerful tool for getting out of debt, but you should know exactly what you need to do before you take the loan. This video talks about the financial services company SoFi. We talk about how a SoFi loan works and whether it would be a good idea for you to take. Most of the video, though, is giving you ideas of what you should do BEFORE you take a SoFi loan.

Don’t make the mistake of getting yourself into more debt. Make sure that if you are paying off credit card debt, you are doing it in a way that will ensure that you are successful.

You should pay attention to these things when you are considering a credit card debt consolidation loan with the goal of reducing your level of debt, decrease your monthly payment, and get on the path of debt-free living.

Pay attention to the debt consolidation loan’s interest rates. One of the main advantages of a debt consolidation loan is the potential to secure a lower interest rate compared to the rates on your credit cards. If you can obtain a consolidation loan with a lower interest rate, it can save you money in the long run.

Will consolidating the payments into a single monthly payment help you to stay current and avoid late fees? Consolidating multiple credit card debts into a single loan can simplify your financial management. Instead of making multiple payments to various credit card companies, you’ll have just one monthly payment to focus on.

Will taking the credit card debt consolidation loan help you pay off your debts faster? Look at the repayment terms offered by the consolidation loan. If the loan provides a longer repayment period, it may lower your monthly payments, but you might end up paying more interest over time. Assess whether the loan terms align with your financial goals and capabilities.

Consolidating your debt could put you in the dangerous situation of being able to accumulate more credit card debt. Debt consolidation is not a magic solution. It is important to address the root causes of your debt, such as overspending, expenses that exceed your income, or poor budgeting habits. If you don’t address the underlying problem, you are likely to continue accumulating debt even if a consolidation loan provides temporary relief.

How will taking on a new loan affect your credit score? Consolidating credit card debt with a loan can impact your credit score. Taking a new loan could lower your credit score, but significantly dropping your credit card utilization (when you move the balances to the debt consolidation loan) could significantly improve your credit score. Of course, the thing that will improve your credit score the most is to get out of debt and make on-time payments.

If you want to learn more about debt consolidation, check out this page on The Yukon Project: https://theyukonproject.com/how-to-get-the-right-debt-consolidation-loan/

If you would like to see if you can be approved for a debt consolidation loan, you can apply to several lenders at once by going here: https://theyukonproject.com/compare-personal-loans/

Website: https://theyukonproject.com
Instagram: https://www.instagram.com/yukon_project/
Facebook: https://www.facebook.com/theyukonproject
YouTube Channel: https://www.youtube.com/@theyukonproject

Apply for a personal loan: https://theyukonproject.com/compare-personal-loans/
Apply for a credit card: https://theyukonproject.com

Tailored & actionable steps to a 700 credit score
Build Credit with our FREE service: https://theyukonproject.com/free-credit-consultation-to-improve-your-credit-score/

Find the right savings, checking, CD, Account for you: https://theyukonproject.com/find-the-perfect-savings-or-checking-account-for-you-with-the-right-bank/?preview=true

00:18 – Is SoFi a legitimate company?
00:35 – Why would you want to get a credit card debt consolidation loan with SoFi?
00:51 – Does SoFi charge an origination fee?
00:59 – What is the interest rate on a SoFi loan?
01:15 – How much can I borrow with a SoFi consolidation loan?
01:28 – How does a SoFi debt consolidation loan work?
01:51 – Does applying for a SoFi debt consolidation loan affect my credit score?
02:09 – What credit score do I need to qualify for a SoFi debt consolidation loan?
02:37 – What do I need to do before I take a SoFi loan?
05:23 – Is a SoFi debt consolidation loan worth it?
05:43 – Key take-aways on SoFi debt consolidation loans

How do I remove a debt review flag in South Africa?

A debt consolidation loan is a loan used to combine existing debts into a single loan with one monthly payment. Ronita Choudhuri-Wade explains how they work and what to know to help you can decide if a debt consolidation loan is the right decision for you.

Suggested Articles:
What Is Debt Consolidation, and Should I Consolidate?: https://www.nerdwallet.com/article/finance/consolidate-debt
What Is a Debt Consolidation Loan?:https://www.nerdwallet.com/article/loans/personal-loans/debt-consolidation-loan

#NerdWallet #PersonalLoan #DebtConsolidationLoan

Subscribe to NerdWallet – https://bit.ly/3wGvVf3

About NerdWallet:
We’re NerdWallet. And we’re not your typical finance company. We believe that everyone should be able to make financial decisions with confidence. We’ve built a team of Nerds with the knowledge, passion, and skills to make that happen. Thanks to our Nerdy experts, see side-by-side comparisons and objective reviews of the best credit cards, bank accounts, and so much more — so you can get even more financial clarity. It’s the smartest decision for all your financial decisions.

Disclaimer: This video is for informational and educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks or securities. Any comments posted under NerdWallet’s official account videos are not reviewed or endorsed by NerdWallet or representatives of financial institutions affiliated with the reviewed products unless explicitly stated otherwise. Avoid disclosing personal or sensitive information such as bank accounts or phone numbers. NerdWallet employees do not offer personalized financial advice and will not respond to posts here.

Connect with NerdWallet:
Follow NerdWallet on TikTok: https://tiktok.com/@nerdwallet
Follow NerdWallet on Instagram: https://instagram.com/nerdwallet
Follow NerdWallet on Twitter: https://twitter.com/NerdWallet
Follow NerdWallet on Facebook: https://facebook.com/NerdWallet
NerdWallet Website: https://nerdwallet.com

Debt Consolidation Loans: Understanding How They Help Your Finances | NerdWallet
https://www.youtube.com/c/nerdwallet

U.S. credit card debt hit a record $930 billion, with younger Americans having the highest delinquency rate. Editor-in-Chief at Investopedia, Caleb Silver, explains why credit debt is at an all-time high and breaks down tips on how to pay off your debt.

» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
» Watch more NBC video: http://bit.ly/MoreNBCNews

NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows.

Connect with NBC News Online!
NBC News App: https://smart.link/5d0cd9df61b80
Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621
Visit NBCNews.Com: http://nbcnews.to/ReadNBC
Find NBC News on Facebook: http://nbcnews.to/LikeNBC
Follow NBC News on Twitter: http://nbcnews.to/FollowNBC
Get more of NBC News delivered to your inbox: nbcnews.com/newsletters

#CreditCards #PersonalFinance #Debt

Some 70 countries are in or at risk of debt distress – a record number that has the World Bank sounding the alarm. Debt defaults by these emerging and developing countries could lead the world into a global financial crisis perhaps even on par with the Great Depression of 1929. The pattern is clear from three previous debt waves: the Latin American debt crisis of the 1980s, Asian financial crisis of the 1990s, and the global financial crisis triggered by the 2007 US subprime crisis.

00:00 Intro & three previous debt waves
01:16 The fourth debt wave
02:07 Countries in debt: Sri Lanka, Pakistan, Egypt, Lebanon, Laos
03:40 Impact on education, healthcare
04:21 How did the debt crisis start?
05:19 China’s Belt & Road Initiative
06:12 Climate change and debt
07:20 On the brink of economic meltdown?

WATCH THE FULL EPISODES of Debt Bomb:
What Pakistan’s Debt Dilemma Reveals About Looming Global Default Crisis https://www.youtube.com/watch?v=9AJa013VufE
Sri Lanka’s Debt Crisis: Who Is Really To Blame?
https://www.youtube.com/watch?v=_i9E49k2pUQ

ALSO WATCH:
China’s Belt And Road: A Debt Trap For Sri Lanka? | CNA Correspondent
https://youtu.be/Kx9rChH-MmA
Another Sri Lanka In The Making? Pakistan On Brink Of Economic Ruin | Insight
https://youtu.be/TiAyaPsuy3Y

For more, SUBSCRIBE to CNA INSIDER!
https://cna.asia/insideryoutubesub

Follow CNA INSIDER on:
Instagram: https://www.instagram.com/cnainsider/
Facebook: https://www.facebook.com/cnainsider/
Website: https://cna.asia/cnainsider

StepChange Debt Charity explains how debt advice can help you deal with debt and money worries. Free advice charities can help you work out a budget and look at ways to reduce your spending and increase your income. You will also be recommended a range of suitable debt solutions, and find out how they work.

Find out more about getting debt advice: https://www.stepchange.org/debt-advice

If you’re struggling with your finances don’t wait to ask for help. Use our free online debt advice tool today and take the first step towards changing your situation. http://www.stepchange.org/start

– StepChange Links –
Our website: https://www.stepchange.org
Twitter: https://www.twitter.com/stepchange
Facebook: https://www.facebook.com/stepchangedeb…
Instagram: https://www.instagram.com/stepchangech…
TikTok: https://www.tiktok.com/@stepchange

We provide the UK’s most comprehensive debt advice service. Since 1993, we’ve helped 7.5 million people with debt problems take back control of their money and their lives.