The Debt Consolidation Myths Are Revealed – by Rick Sorrentino, Senior Account Executive at Golden Financial Services. Mr. Sorrentino provides insight on debt consolidation loans, that could save you thousands of dollars down the road, and help you to avoid making one of the worst decisions in your life. That’s not to say a debt consolidation loan to payoff debt, can’t be a great solution, but this video will teach you how to properly evaluate the decision on when to get a consolidation loan or when not to! Watch this video as Rick Sorrentino drives to work at Golden Financial Services for the day! I guess you can call this Rick’s warm-up, as he gets ready to assist consumers all day with their debts! Want to learn more about debt consolidation and how it works? visit us online at: https://nomorecreditcards.com/debt-consolidation/bad-credit-debt-consolidation-hardship-program/

So, is debt consolidation a good idea? The truth about debt consolidation comes out! There are many views on debt management: some believe that it is a good approach to get out of debt, but I have another take on that. Of course, in some particular situations, consolidating debt may actually be a good thing, since a higher interest rate can be devastating to somebody trying to get out of the debt pile. However, it’s important to know which situations could be compatible with debt consolidation approach, and in which situations it is better idea to adjust your spending habits and think of the way to increase income. Let’s analyze this and understand why I believe that debt consolidation is not the best way towards being debt free.

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#debt #debtconsolidation #debtmanagement

In this episode, we are talking about debt review. What debt Review really means and the right tools you need before you can sign up for it or if you know someone who might need it.

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Some say that debt is the gateway to your goals, others say it’s a ball and chain that will drag you down… So who’s right?

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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

sources:
http://archive.boston.com/bostonglobe/ideas/articles/2011/08/21/which_came_first_money_or_debt/
https://www.debt.org/advice/good-vs-bad/#:~:text=What’s%20the%20difference%3F,for%20it%2C%20it’s%20bad%20debt.
https://www.richdad.com/how-to-start-a-business-without-money-part-1#at_pco=smlrebh-1.0&at_si=5edeae9a55751dc1&at_ab=per-2&at_pos=0&at_tot=4
https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/
https://www.gpb.org/news/2011/07/24/the-evolution-of-debt-from-mesopotamia-to-america
https://www.aplu.org/projects-and-initiatives/college-costs-tuition-and-financial-aid/publicuvalues/employment-earnings.html#:~:text=On%20an%20annual%20basis%2C%20bachelor’s,is%20a%20high%20school%20diploma.&text=The%20earnings%20gap%20between%20college,less%20education%20continues%20to%20widen.&text=For%20high%20school%20graduates%20the,earnings%20are%20%2430%2C000%20a%20year.

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Philip Olson, CFP® and Julia Lorenz-Olson
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Andrew Matthews
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#SouthAfrica #debtconsolidation
What to consider before you go for a debt consolidation loan.

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Is debt consolidation a good idea or not? I love this topic and I am going over some money tips to help you decide what is the best way for you to pay-off debt and become debt-free.
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DIY Debt Settlement Guide: https://www.amazon.ca/Enough-Settlement-Guide-Creditors-About-ebook/dp/B00D48ZAF0/ref=sr_1_1?ie=UTF8&qid=1472668378&sr=8-1&keywords=diy+debt+settlement

if you can’t get a debt consolidation loan, your options are limited to debt settlement, bankruptcy or consumer proposal and credit counselling. Check out the video to learn more about all these options

Is Student Loan Consolidation A Good Idea?

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? In this video, we’re going to learn ten important lessons about debt relief. Leave your thoughts or questions in the comments below. Have fun!

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